Ask the Dolans: What is the difference between a tax credit and a tax deduction?
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.
Click here to ask Ken and Daria your question.
Everyone looks forward to tax season about as much as getting a tooth pulled ... without the anesthesia. It's almost like the IRS went out of their way to make tax rules as confusing as possible to keep you from saving money.
An important distinction you'll want to be aware of is the difference between a tax credit and a tax deduction, especially this year. One is definitely better for your total tax bill. Do you know which one it is? Watch below to find out.
Dear Ken and Daria,
What is the difference between a tax credit and a tax deduction?
-Jeff
Ken and Daria help you lower your taxes with tips for finding deductions where you may not think to look. Find this guide exclusively at Dolans.com.
Click here to ask Ken and Daria your question.
Everyone looks forward to tax season about as much as getting a tooth pulled ... without the anesthesia. It's almost like the IRS went out of their way to make tax rules as confusing as possible to keep you from saving money.
An important distinction you'll want to be aware of is the difference between a tax credit and a tax deduction, especially this year. One is definitely better for your total tax bill. Do you know which one it is? Watch below to find out.
Dear Ken and Daria,
What is the difference between a tax credit and a tax deduction?
-Jeff
Ken and Daria help you lower your taxes with tips for finding deductions where you may not think to look. Find this guide exclusively at Dolans.com.
Reader Comments (Page 1 of 1)
3-14-2009 @ 10:48AM
Herbert said...
why is it that if you are disabled and get a check from social security the irs does not consider you disabled until you are either blind or 65 years of age ?
Reply