A tax deduction reduces taxable income, whereas a tax credit is an amount of money that can be subtracted directly from the total taxes owed.

Authors

• Person: Not available Organization: Edelman Financial Engines
  14 Tax Saving Strategies to Minimize Your Expenses

Sources

• 14 Tax Saving Strategies to Minimize Your Expenses www.edelmanfinancialengines.com Edelman Financial Engines via serper

Referenced by nodes (1)

• tax deduction concept