A tax credit is different from a tax deduction because a tax credit:
AReduces the amount of taxable income.
BIs a one-time reduction in tax liability.
CIs a deferral of tax payment to a future date.
DReduces the amount of tax owed dollar for dollar.
AReduces the amount of taxable income.
BIs a one-time reduction in tax liability.
CIs a deferral of tax payment to a future date.
DReduces the amount of tax owed dollar for dollar.
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