What deductions and credits are available on my Wisconsin state tax return?
There are various deductions and credits available on your Wisconsin state tax return. Some common deductions include those for education expenses, such as the college tuition deduction or the student loan interest deduction. Additionally, you may be eligible for deductions for certain business expenses, medical expenses, and contributions to retirement accounts. Wisconsin also offers several tax credits, such as the earned income credit for low-income individuals and families, the child and dependent care credit, and the Homestead Credit for property owners with low income. Taxpayers may also qualify for credits related to energy efficiency improvements made to their homes or for charitable contributions. It is important to review the Wisconsin Department of Revenue's guidelines and consult with a tax professional to determine the specific deductions and credits you may qualify for based on your individual circumstances.
Answered Nov 1, 2023
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