Business Studies, asked by akashkumar8497, 9 months ago

which are the areas of income tax which goes on changing every year​

Answers

Answered by jyotiyadav2941
2

Answer:

Both tax credits and tax deductions lower the amount of income tax you pay.

• Credits reduce your bottom-line tax bill dollar for dollar.

• Deductions reduce the amount of income used to calculate your tax burden.

When you’re looking for ways to lower your income tax burden, tax credits and tax deductions are your best friends. But they shouldn’t be confused—a $500 tax credit and

Similar questions