Tag: Tax Deduction

Home > Blog > ArchivesTag: Tax Deduction

Credit vs. Deduction

November 7, 2013 by in category Deductions tagged as , ,

Credits and deductions are two ways you can receive money back from the IRS on your taxes. A tax deduction is a reduction in taxable income that lowers your bill in a percentage format, dependent on your tax bracket. These deductions are broken into broad categories such as medical expenses, state & local taxes, property […]

0 0 Read more