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Tax Credits vs. Deductions: What’s the Difference?

Tax Credits vs. Deductions: What’s the Difference? - Traxion Tax

Tax credits and deductions are two significant ways individuals can minimize their tax liability before Tax Day. However, while the two are often compared and conflated, they are fundamentally different – and understanding that difference can help you make better decisions as a taxpayer and avoid missing out on crucial savings. Ultimately, tax credits and deductions…

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