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Quick Tips.
Selling Your Home
You may deduct $250,000 if filing single or $500,000 if filing married filing joint on the capital gains you receive from selling your home.
Making Work Pay Credit
If you have a job you may be entitle to the Making Work Pay Credit of up to $400. Ask your accountant if you’re entitled to this credit.
Medical & Dental Expenses
Any medical and dental expenses in excess of 7.5% of your AGI are deductible as an Itemized Deduction.