Credits and Deductions - Important Tax Strategies with Atilio Calderon

In this episode, Bonnie Yam and Atio Calderon offer a comprehensive overview of tax deductions and credits, starting with a clear distinction between the two. The discussion covers refundable credits and compares standard versus itemized deductions, providing listeners with a better understanding of their options. The episode highlights popular tax credits applicable to all income levels, with a focused discussion on credits beneficial for low-income individuals and residential energy initiatives. As the conversation winds down, Bonnie and Atio provide a recap and offer final advice for maximizing tax benefits. The episode concludes with closing remarks.