what is the difference between a tax deduction and atax? credit? Why is a tax credit more? valuable?

What is a tax? deduction?

A. A tax deduction is any amount of money which gets subtractedfrom a? person's taxable income.

B. A tax credit is any amount of money which gets subtractedfrom a? person's tax bill.

C. A tax credit is any amount of money which gets added froma? person's tax bill.

D. A tax deduction is any amount of money which gets added froma? person's taxable income.

What is a tax? credit?

A.A tax deduction is any amount of money which gets added froma? person's taxable income.

B.A tax credit is any amount of money which gets added froma? person's tax bill.

C.A tax deduction is any amount of money which gets subtractedfrom a? person's taxable income.

D.A tax credit is any amount of money which gets subtracted froma? person's tax bill.

Why is a tax credit more valuable than atax? deduction?

A.Since a tax credit gets subtracted from a? person'stax? bill, it reduces their bill by that amountof? money, where a tax deduction gets subtracted from theirtaxable? income, so their bill is only reduced by a fractionof that amount.? So, a tax credit saves them money.

B.Since a tax credit gets added to a? person'stax? bill, it increases their bill by that amountof? money, where a tax deduction gets added to theirtaxable? income, so their bill is only increased by a fractionof that amount.? So, a tax credit saves them money.

C.Since a tax deduction gets added to a? person'stax? bill, it increases their bill by that amountof? money, where a tax credit gets added to theirtaxable? income, so their bill is only increased by a fractionof that amount.? So, a tax deduction saves them money.

D.Since a tax deduction gets subtracted from a? person'stax? bill, it reduces their bill by that amountof? money, where a tax credit gets added to theirtaxable? income, so their bill is only reduced by a fractionof that amount.?So, a tax deduction saves them money.