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anonymous

  • one year ago

What is the difference between a tax credit and a tax deduction? a. A tax credit represents money owed to you, while a tax deduction represents money you owe. b. A tax credit reduces the amount of money you must pay, while a tax deduction reduces your taxable income. c. A tax credit is owed money that collects interest, while a tax deduction is money that you do not have to pay. d. A tax credit occurs if you underpaid during the year, and a tax deduction occurs if you overpaid.

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  1. anonymous
    • one year ago
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    @Vocaloid

  2. anonymous
    • one year ago
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    @taramgrant0543664

  3. anonymous
    • one year ago
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    i think its A but am not sure

  4. taramgrant0543664
    • one year ago
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    Tax credit allows taxpayers to subtract the amount of the credit from the total they owe. Tax deduction is a reduction of income that is able to be taxed. So I'm thinking its B

  5. anonymous
    • one year ago
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    ill give you a medal if ur rigth

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