Which Is Better: Tax Credits or Tax Deductions?
5 minutes read
If you had a choice, is it better to save money on your taxes in the form of a tax break upfront or as a reduction of your overall tax liability? The answer to this question depends on your circumstances and the impact that tax credits and tax deductions have on your overall tax bill. It is important to understand the difference between credits and deductions as you look at your tax situation from year to year. Determining whether credits or deductions are...