What's the difference between a deduction and a credit?
What you'll learn
- What deductions and tax credits are, and how they're different
- How the standard deduction shrinks the income the IRS taxes you on
- Which common credits put real dollars back in your pocket
- How to spot deductions and credits you (or your family) might actually qualify for
- Why learning this now saves you money the moment you start earning
A Vivoso lesson, written for your age group and your state. Read it or listen in about 15 to 20 minutes with full access.
Part of: File my taxes for the first time