Tax Deductions vs Tax Credits

Tax Deductions vs Tax Credits

Today we’ll explore the differences between tax credits and tax deductions. While the terms are often used interchangeably, there is a significant difference in your tax bill depending on which one we are talking about. Tax deductions reduce your taxable income, but...
Electric Car Credits – 2023 Edition

Electric Car Credits – 2023 Edition

Tax credits for electric vehicles aren’t a new thing. Actually, the first credits appeared all the way back in 2005 with the Energy Policy Act. There have been numerous changes since then to tax credit rules and regulations. In fact, there are TWO sets of rules for...

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