|
 | Hello there. Today on ABC news we will be talking abount tax obligations. Some might not know what a tax credit, incestive tax credits or what tax deductions are. | |
|
| YEEAHH Preach it man. | |
|
|
|
|
|
|
| Lets begin. A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit from the total they owe the state. A incentive tax credit is used to encourage behaviors like investment or parenting. | |
|
| OHHH boy i don't know if they like this yet. | |
|
|
|
|
|
|
| NOW. tax deduction reduces your taxable income. They are deductions that determine your total tax bill. Thats all from here. Signing of Mark John ABC NEWS. | |
|
| You killed it man | |
|
|
|
|
|
