Difference between a tax deduction and a tax credit

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Reference no: EM131306493

1. Marginal Tax Bracket. What is a marginal tax bracket? Why is it important?

2. Tax Deduction Versus Credit. What is the difference between a tax deduction and a tax credit? Which is more valuable?

3. Tax Credits. List some common types of tax credits.

Reference no: EM131306493

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