3 ms·
"A tax credit reduces the taxable amount of income you owe taxes on" is not the same thing as: "Tax credits reduce the amount of income tax you owe" The form
by plexicle 8y ago
"A tax credit reduces the taxable amount of income you owe taxes on"
is not the same thing as:
"Tax credits reduce the amount of income tax you owe"
The former is a deduction. The latter is a credit. It's really that simple.