Everyone knows that taxes are one of life’s unquestionable certainties. What most people don’t know, however, is that there are many exemptions you can claim to lower your tax bills.
Whether it’s credits for your dependents or deductions for certain loans, you can find ways to pay less come tax season with the help of your trusted CPA. If you’re in Nashville, here are just a few of the exemptions you can explore:
Student loan interest — If you have a college degree, there’s a big chance that you carry student debt. Indeed, about one in eight Americans take out a loan to attend university, with the average amount being a whopping $28,950. The good news is that you can deduct up to $2,500 worth of interest from your taxes. Surprisingly, only one-third of people who qualify for this benefit ever claim it.
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