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TAX DEDUCTIONS & CREDITS: KNOWING THE DIFFERENCE

By at October 30, 2014 | 10:49 am | 0 Comment

TAX DEDUCTIONS & CREDITS:  KNOWING THE DIFFERENCE

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...

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