Tax Time! Credits and Deductions
Tax season is here. However, before you file, it’s best to know which deductions and credits you may qualify for. Most of us can take a glance back at last year’s filings and get a general idea, but if your status has changed, e.g. having a child, getting married, getting divorced and etc., your eligibility can change. Let’s take a look at the difference between tax deductions and tax credits. Tax deductions can reduce the amount of your...