What's the Difference Between Tax Credits and Deductions?

Find answers to common questions about tax relief, benefits, incentives, and more before filing your forms at USA.gov.

Not rendering correctly? View this email as a web page here. Credits vs. Deductions Learning the A-Zs of taxes seems overwhelming. But with a little planning, research, and attention to detail, it can be easier than you think. Credits and deductions are an important part of the process—though sometimes it's difficult to tell them apart. Credits, like the Child Tax Credit, can help reduce the amount of tax you owe. Deductions, such as the Tuition and Fees Deduction for qualified education expenses, can help lower the amount of your taxable income. Did you get this email from a friend?   Share this message via: You received this email because you are subscribed to emails from USAGov. Unsubscribe or Manage Email Preferences Contact Us USAGov 1800 F Street, NW Washington, DC 20405 USA