2010 Tax Credit

What You Need to Know About Tax Deductions and Tax Credits (And Why It Matters)!

Personal Finance
Thumbnail image for What You Need to Know About Tax Deductions and Tax Credits (And Why It Matters)!

In the course of preparing tax returns over the last few years, I have heard people confuse the concepts of tax credits and tax deductions. What’s worse is that I’ve even seen various financial writers and bloggers misuse the terms when performing various types of analysis involving taxes. Let’s take a look at the difference. […]