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MARKING BRAINLIEST IF RIGHT, NO ABSURD ANSWERS!
1.) The main difference between tax credits and tax deductions is that:

A.) credits reduce a person's taxable income while deductions reduce an individual's tax bill.

B.) credits always result in tax refunds.

C.) deductions always result in tax refunds.

D.) deductions reduce a person's taxable income while credits reduce an individual's tax bill.

Respuesta :

Answer:

A.) credits reduce a person's taxable income while deductions reduce an individual's tax bill.

Explanation:

Tax credits and tax deductions both decrease the total that you'll pay in taxes, but they do so in different ways. A tax credit is a dollar-for-dollar reduction of the money you owe, while a tax deduction will decrease your taxable income, leading to a slightly lower tax bill.

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