Q. When talking about taxes, I’ve heard phrases including, “just write it off,” “go ahead and deduct it,” and sometimes “I think there’s a tax credit for that.” My understanding is that both tax deductions and tax credits can save me money on
taxes, but I’m unclear on the difference between the two. I saw that your office now does tax returns for clients. Can you enlighten me on how tax credits and tax deductions are different, and strategies for slashing my 2021 tax bill? Thanks for your help!
