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9 Tax Breaks for the Middle Class

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If you believe that tax breaks are reserved for hedge fund managers and companies with offshore subsidiaries, you’re probably paying too much to the IRS.

Lawmakers have enacted dozens of tax incentives targeted at middle-class families. Taking full advantage of these tax breaks is particularly important for dual-income couples because there’s a good chance they’ll get hit by the marriage penalty—when two individuals pay more in taxes as a married couple than they would pay if they were both single. And they work together: Lowering your adjusted gross income (AGI) with one strategy could make you eligible for other tax breaks.

All of these breaks remain in the new tax law passed at the end of 2017, and one, the child credit, gets a big boost.

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