Tax Credit

A tax credit is more valuable than a tax deduction

  • a $1 credit reduces tax by $1
  • refundable
    • refunds the amount of the credit even if tax is not paid
    • example: Goods & Services Tax (GST)
  • nonrefundable
    • only refunds the amount of the credit when tax is owed (explain better)
    • example: charitable contribution

PS Network

Market Better
twitter.png Twitter
blogger.png Blog
marketingreflections.png Newsletter
Spark Insight
website.png Website
Grasp Risk
twitter.png Twitter
blogger.png Blog
website.png Podcast
website.png Website
Tame Risk
website.png Taxevity
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License