Difference Between Deduction & Induction

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Tip 1 - What's the Difference Between a Tax Credit and a Tax Deduction?

Published: 9 years, 2 month(s) ago | Submitted by Laurie Rinker | permalink

While both tax deductions and tax credits can save you a significant amount of money on your taxes, they work in significantly different ways. Find out how here.
Tags: tax deductions, tax credits, tax deductions vs tax credits, taxes, tax refund, turbotax

For further reading: http://blog.turbotax.intuit.com/2012/02/02/whats-the-difference-between-a-tax-credit-and-a-tax-deduction/ ^[1]

Tip 2 - Money 101: The Difference Between a Tax Deduction and a Tax Credit

Published: 9 years, 2 month(s) ago | Submitted by Kat Marshall | permalink

What's the difference? Good question. The way these two words are thrown around, many people think they’re synonyms. While both save you money on taxes,…
Tags: , amt, amt taxes, federal taxes, paying taxes, tax breaks, tax credit, tax deduction, tax planning, taxes

For further reading: http://time.com/money/2791935/difference-between-tax-deduction-and-tax-credit/ ^[2]

Tip 3 - Tax credits vs. tax deductions

Published: 9 years, 2 month(s) ago | Submitted by Carl Lombardi | permalink

Elizabeth Rosen discusses the differences between tax credit and tax deductions.
Tags: tax credits, tax deductions, tax strategies, elizabeth rosen

For further reading: http://www.irs.com/articles/tax-credits-vs-tax-deductions ^[3]

Tip 4 - Understanding The Differences Among Tax Credits, Deductions, and Adjustments - Money Under 30

Published: 9 years, 2 month(s) ago | Submitted by toolx | permalink

When it comes to your taxes, knowing the lingo is key to understanding them. What's the difference between and tax credit, tax deduction, and an adjustment?

For further reading: http://www.moneyunder30.com/understanding-difference-tax-credits-deductions-adjustments ^[4]