Thanks for your correction.

来源: 2011-04-03 01:23:55 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

My expression was kind of sloppy.

Yes, tax deductions are different from tax credits though both of them can reduce an individual’s income tax liability. Tax deductions reduce taxable income; tax credits directly reduce a person’s tax liability, and some tax credits are refundable.

Yes, I need to use clear, precise and accurate terms.