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What is the difference between a deduction and a credit in the income tax system? Which is preferable? Why is it preferable? Is the one

What is the difference between a deduction and a credit in the income tax system?

  • Which is preferable? Why is it preferable?
  • Is the one you chose always preferable?
  • When might it not be preferable?

Your post should show original thought and be substantiated by content from the course readings or an outside source. All sources should be cited properly using APA format, Bluebook (Legal Citing), or MLA format. Citing the Internal Revenue Code, tax cases, or other authority will give you a better score.

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