Question

What is the difference between a tax credit and a tax deduction?
a.
A tax credit represents money owed to you, while a tax deduction represents money you owe.
b.
A tax credit reduces the amount of money you must pay, while a tax deduction reduces your taxable income.
c.
A tax credit is owed money that collects interest, while a tax deduction is money that you do not have to pay.
d.
A tax credit occurs if you underpaid during the year, and a tax deduction occurs if you overpaid.

Answer 1

@Vocaloid

Answer 2

@taramgrant0543664

Answer 3

i think its A but am not sure

Answer 4

Tax credit allows taxpayers to subtract the amount of the credit from the total they owe. Tax deduction is a reduction of income that is able to be taxed. So I'm thinking its B

Answer 5

ill give you a medal if ur rigth