Knowing what's the difference between a tax credit and tax deduction can save you money, which makes knowing their differences crucial. Tax credits vs deductions affect your total tax liability in different ways, but both can lower your bill dramatically!

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00:00 Beginning
00:15 Tax Credits and Deductions
00:37 What is the Difference Between a Tax Credit and Tax Deduction?
01:58 Which is Better for Taxpayers?
02:57 Examples of Tax Credits
04:53 Examples of Tax Deductions
05:32 Lower Your Tax Bill with 1-800Accountant

#Deduction #Credit #Differences

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