Skip to Main Content
The Truth About Tax Credits and Deductions
book

The Truth About Tax Credits and Deductions

by S. Kay Bell
July 2010
Beginner to intermediate content levelBeginner to intermediate
20 pages
26m
English
Pearson
Content preview from The Truth About Tax Credits and Deductions

The Truth About Tax Credits and Deductions

S. Kay Bell

Why Credits Are Better

Taxpayers have gotten a lot smarter over the years. Once, the filing-day tax cry was “Deduct!”

Now folks know they usually can save more tax dollars by claiming tax credits.

There are several reasons why credits tend to come out on top when you’re looking for tax savings.

The main reason is that in tax parlance, “credit” means the same thing as it does when you see that line item on your charge account statement. A tax credit is a dollar-for-dollar benefit. The credit is applied to your final IRS bill, meaning you get money back or don’t have to pay ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The Truth About Tax Audits

The Truth About Tax Audits

S. Kay Bell
Smart Videoconferencing

Smart Videoconferencing

Janelle Barlow, Peta Peter, Lewis Barlow

Publisher Resources

ISBN: 9780132478366