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Main Home › Forums › Recipes & Ingredients › What is the difference between a tax deduction and a tax credit?
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A deduction reduces taxable income, Accountant in Mississauga while a credit reduces the actual tax owed.
It is a simple difference between tax deduction and tax credit first tax deduction can deduct your tax amount directly to bank account without a permission and tax credit is a amount of tax for you have to pay the government.
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