Monthly Archives: April 2012

Tax Tips for Single People

Tax Tips for Single People

Many people want to save money on taxes or at least, they can pay it when the time comes. The key point to get tax benefits is by knowing several tax deductions that you may not realize it before, especially if you are single. There are numerous possible tax deductions available for single that can be used optimally.

  • Every single person gets tax deduction of more than $5,000 automatically. If you are head of household, you will receive more reduction for about $8,000. You can claim yourself as the head of household if you contribute for more than half of financial support of the household or you responsible for minors within the household.
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