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Ways To Save On Tax Returns

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Uploaded by on Jan 23, 2009

For more videos, check out www.wsj.com/video. MarketWatch's Larry Kofsky speaks with Michael Yerington, CEO of Jackson Hewitt Tax Service, about ways to save on 2008 tax returns.

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  • Helpful info!

  • NO tax on the first $20k

    If you make less than 20k - you don't pay fed or state income tax. BUT YOU DO NOT get a ck back at the end of the year either! So many ppl are paying $90 in Fed taxes -cause they work pt at taco bell, but they got 3 kids so at the end of the year they file and get a tax credit that equals MORE than they ever PAID. So - this "no tax on the first 20k" - would help the midle class, reduce the payout from the gov at the end of the year, and help senior citizens.

  • Great info!

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