About this document

Tax Exemptions, Deductions, and Credits by Su is a document available to read on EtoBox.

Tax exemptions, deductions, and credits can all reduce the amount of taxes owed. Exemptions and deductions reduce taxable income, while credits directly reduce tax liability. Refundable credits provide the same value to all filers regardless of income, while deductions and non-refundable credits are worth less to low-income filers who may have little or no tax liability.

Author

Su

Language

EN