Q&A: Business & taxes?
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Business Taxes HELP on
July 30, 2010 |
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Question by see see: Business & taxes?
whats the difference between a tax write of and a tax credit
Best answer:
Answer by hubertxiv
A ‘tax write off’ is a deduction ie it reduces your taxable income.
A ‘tax credit’ is an amount allowed against the eventual tax liability. ie It reduces the tax payable.,
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