Maximizing Deductions: How Your W2 Form Can Help Lower Your Tax Liability
When tax season comes around, one of the primary goals for many taxpayers is to minimize their tax liability as much as possible. A key strategy for achieving this is to maximize deductions. Deductions are valuable as they directly reduce your taxable income, potentially leading to a lower tax bill or even a refund. For most individuals, the W2 form plays a crucial role in claiming various deductions. In this article, we will explore how your W2 form can be utilized to maximize deductions and reduce your tax burden.…