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It's quite common for people to get confused between deductions and credits. Credits are subtracted from the amount you owe (your tax), and have...
<div class='quotetop'>QUOTE(BayouBulldog @ May 3 2006, 05:44 PM) 249308</div> What about the 60,000 vehicle limit? Assume they wait for the '07...
Tax credits are amounts off the taxes owed rather than a deduction from your income. IIRC, the credit is not a refundable credit, which means if...