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As a result of the recent changes made to the Tax Cut and Jobs Act, many people are trying to find ways to avoid attracting huge tax bills at tax time. Ultimately, you would want to have some returns rather than owing money to the IRS. Happily, there are ways to ensure that this does not happen to you. You will have to be even more meticulous both during tax season and throughout the year. Most of these steps can be taken by you personally or by your employer.
Here we will discuss some precautions that will have you in the clear with the IRS.
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