The Truth About Tax Credits and Deductions

Business & Finance, Personal Finance
Cover of the book The Truth About Tax Credits and Deductions by S. Kay Bell, Pearson Education
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Author: S. Kay Bell ISBN: 9780132478380
Publisher: Pearson Education Publication: July 29, 2010
Imprint: FT Press Language: English
Author: S. Kay Bell
ISBN: 9780132478380
Publisher: Pearson Education
Publication: July 29, 2010
Imprint: FT Press
Language: English

This is the eBook version of the printed book.

This Element is an excerpt from The Truth About Paying Fewer Taxes (9780137153862) by S. Kay Bell. Available in print and digital formats.

 

What you need to know about tax credits, deductions, and the difference between them.

 

A tax credit is a dollar-for-dollar benefit. It’s applied to your final IRS bill, so you get money back or don’t have to pay Uncle Sam as much. A tax deduction, however, reduces the taxable income your final tax bill is based on. That usually means a smaller bill, but generally not by as much. You can get an idea of the value of credits by....

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This is the eBook version of the printed book.

This Element is an excerpt from The Truth About Paying Fewer Taxes (9780137153862) by S. Kay Bell. Available in print and digital formats.

 

What you need to know about tax credits, deductions, and the difference between them.

 

A tax credit is a dollar-for-dollar benefit. It’s applied to your final IRS bill, so you get money back or don’t have to pay Uncle Sam as much. A tax deduction, however, reduces the taxable income your final tax bill is based on. That usually means a smaller bill, but generally not by as much. You can get an idea of the value of credits by....

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