Question 4/10
When preparing your taxes, what can possibly help
reduce the amount of taxes that you owe?
Stock and savings interest
Sharing what you earned on a W-2 or 1099 form
Having stock dividends
Credits and deductions

A tax credit means an amount that a taxpayers can subtract directly from the taxes they owe while the tax deduction is an item that can be removed to reduces the amount of taxes you owe.

Hence, the tax credit are subtracted from gross income while tax deduction reduces the amount of taxes you owe.

Therefore, the Option D is correct

Question 4/10 When preparing your taxes, what can possibly help reduce the amount of taxes that you owe? Stock and savings interest Sharing what you earned on a W-2 or 1099 form Having stock dividends Credits and deductions

Respuesta :

What is tax credit and deduction

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Question 4/10
When preparing your taxes, what can possibly help
reduce the amount of taxes that you owe?
Stock and savings interest
Sharing what you earned on a W-2 or 1099 form
Having stock dividends
Credits and deductions