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eduard
3 years ago
13

What is the difference between a tax credit and a tax deduction?

Mathematics
1 answer:
zzz [600]3 years ago
4 0

Answer:

A deduction can only lower your taxable income and the tax rate that is used to calculate your tax. This can result in a larger refund of your withholding. A credit reduces your tax giving you a larger refund of your withholding, but certain tax credits can give you a refund even if you have no withholding.

Step-by-step explanation:

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