Real Estate Glossary | What is Tax Deduction??

Q: What is Tax Deduction?

A tax deduction is a reduction in the amount of income that is subject to taxes. Tax deductions can include things like mortgage interest, charitable donations, and business expenses. Tax deductions lower the amount of income that is subject to taxes, which in turn reduces the amount of taxes that are owed. Tax deductions are often used to encourage certain types of behavior, such as home ownership or charitable giving.

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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