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A tax deduction is a deduction that lowers a person’s tax liability by lowering his taxable income. Deductions are typically expenses that the taxpayer incurs during the year that can be applied against or subtracted from his gross income in order to figure out how much tax is owed.

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Can I deduct the cost of licenses for tools/utilities and services come tax time?

I'm employed full-time (not a contractor). I own my own licenses for tools like ReSharper, Beyond Compare, etc. In addition, I pay for various training and learning resources like Safari Books Onl …
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