rylee8899
rylee8899 rylee8899
  • 22-03-2017
  • Mathematics
contestada

What is the difference between tax credits and tax deductions?

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antjuanpolk antjuanpolk
  • 22-03-2017
Tax credits provide a dollar-for dollar reduction of your income tax liability
and 
tax deductions lower your taxable income and they are equal to the percentage of your marginal tax bracket.
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mimilove65
mimilove65 mimilove65
  • 22-03-2017
well taxes provide a dollar-reduction of your income tax... hey if u look up the answer on google chrome i promise u will find ur answer just look up the question that u want to be answered

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