alysiarenaee alysiarenaee

12-12-2019
Business

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A tax credit is a dollar for dollar reduction in your tax ?
a) true
b) false

Respuesta :

orozcohailey orozcohailey

12-12-2019

Answer:

Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000, for instance, lowers your tax bill by the corresponding $1,000. Tax deductions, on the other hand, reduce how much of your income is subject to taxes.

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