What is the difference between a US tax credit and a tax deduction?
A tax credit subtracts from the tax itself. A tax deduction subtracts from the income the tax is calculated on. Same dollars, different lines.
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What is the difference between a US tax credit and a tax deduction?
A tax credit subtracts from the tax itself. A tax deduction subtracts from the income the tax is calculated on. Same dollars, different lines.