Tax Credit for Your Retirement Savings Contributions
February 21, 2024
A tax credit is a dollar-for-dollar reduction in the amount of federal income tax that you are required to pay. Tax credits are typically better than tax deductions because of this direct reduction. Example: Tax liability is $1,400 and you have ... READ MORE
Category: Money Matters, Work & LifeTags: Income Tax, Tax Credit, Tax Deductions