We Are Moving Into 2023 There Are More Potential Deductions Out There Impacting Your Financial Health 2025 brings new tax savings opportunities that many taxpayers may be missing out on. Figuring out these lesser-known deductions can help lower your taxable income and round out your financial plan. Here are some insights on lesser-known deductions in 2025.

Understanding Tax Deductions

Tax deductions, on the other hand, are expenses that IRS allows you to offset with your taxable income.