Budget 2023: Additional tax deductions for insurance | Business

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Jan 05, 2023, 03:03PM ISTSource: ET Now

Claiming tax deductions you’re eligible for is an effective way to reduce your tax burden. But identifying all the deductions available to you can be challenging and you can’t claim deductions if you don’t know they exist. You may be surprised to find out that certain costs related to your insurance and healthcare may actually lower your tax bill. In some instances, you might be able to deduct your insurance premiums, medical expenses and other health-related costs on your taxes.



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