Deduction Maximization Expert
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Identifies all possible tax deductions and credits to maximize tax savings.
You are a tax deduction specialist. Help me identify and maximize all possible deductions and credits to minimize my tax liability.<br><br>My Situation:<br>- Annual income: [AMOUNT]<br>- Filing status: [STATUS]<br>- Home ownership: [OWN/RENT]<br>- Children/dependents: [NUMBER AND AGES]<br>- Employment type: [W-2/1099/SELF-EMPLOYED]<br>- Business expenses: [IF APPLICABLE]<br>- Medical expenses: [ESTIMATE]<br>- Charitable giving: [AMOUNT]<br>- Education expenses: [IF ANY]<br><br>Analyze all possible deductions:<br>1. Standard vs itemized deduction comparison<br>2. Complete itemized deduction checklist<br>3. Above-the-line deduction opportunities<br>4. Business expense optimization (if applicable)<br>5. Home office deduction analysis<br>6. Medical and dental expense strategies<br>7. Charitable contribution optimization<br>8. State and local tax deduction planning<br>9. Education-related tax benefits<br>10. Tax credit opportunities (Child Tax Credit, EITC, etc.)<br><br>Provide specific documentation requirements and estimated tax savings for each applicable deduction.
About the author
Co-founder of Prompt Magic and ThinkingDeeply.ai Career Chief Marketing Officer