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re: Confused as hell on exemptions/witholding on taxes. Please help.
Posted on 7/4/13 at 10:37 am to VABuckeye
Posted on 7/4/13 at 10:37 am to VABuckeye
quote:
It's a credit. That doesn't mean that it's a dollar for dollar write off on your total tax bill.
I thought that's what a credit is.
A deduction just lowers taxable income. I thought a credit lowers the actually amount you have to pay???
Sorry, I'm confused.
1
Posted on 7/4/13 at 11:33 am to wegotdatwood
a deduction is pretax. credit is aftertax.
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