Browsing Tag deductions
TAX DEDUCTIONS & CREDITS: KNOWING THE DIFFERENCE
By Tom Martino at October 30, 2014 | 10:49 am | 47 Comments
This may seem obvious to some but there is much confusion over the difference between a tax "deduction" and a tax "credit". A tax deduction gets subtracted from your taxable income, which in turn lowers your taxable income, which lowers your taxes. more...