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Thursday, February 15, 2018

What's the Difference Between Tax Credits and Deductions?

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Credits vs. Deductions

Learning the A-Zs of taxes seems overwhelming. But with a little planning, research, and attention to detail, it can be easier than you think. Credits and deductions are an important part of the process—though sometimes it's difficult to tell them apart. Credits, like the Child Tax Credit, can help reduce the amount of tax you owe. Deductions, such as the Tuition and Fees Deduction for qualified education expenses, can help lower the amount of your taxable income.

Find and Compare Credits and Deductions
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