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Explain how tax credits differ substantially from tax deduction. Explain which one provides the most tax...

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Finance

Explain how tax credits differ substantially from tax deduction.Explain which one provides the most tax benefit to taxpayers andwhy.

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Tax credit is the amount of money the taxpayers subtracts from the total taxes that they owe to the government dollar to dollar amount But Tax deductions reduce the amount of Taxable income This    See Answer
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Explain how tax credits differ substantially from tax deduction.Explain which one provides the most tax benefit to taxpayers andwhy.

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