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Financial experts explainwhich expenses are worth paying before the new year rolls in.
So thats a big thing to ensure that you are aware of.
Qualifying expenses include things like solar panels and solar water heaters.
Qualifying home upgrades include improvements likeenergy-efficient heat pumps, doors and windows, he said.
It also needs to clear more than 7.5% of your adjusted gross income to be an itemized deduction.
There is a lot of gray area, and thats where a tax professional can really come in handy.
Not only because they know the rules, but they also have the prior experience …
They just know how other clients have operated, he explained.
The gist of most of these expenses is that they will benefit your taxes in one way or another.
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