Quick Resource Guide: Getting a Handle on Tax Credits and Tax Deductions
When developing tax planning strategies, it is essential to understand the differences between tax deductions and tax credits. This will enable you to help your clients reduce their tax liability and take advantage of available tax breaks. This resource guide explains the tax credits and deductions available for 2011 and answers important questions such as:
- How do I know if there are restrictions on claiming a credit?
- How do I know if a taxpayer is entitled to a certain deduction?
- How can BNA Income Tax™ Planner software help with tax credits and tax deductions?
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