Question:

What is texes due and what is tax credit?

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can you give an example?

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2 ANSWERS


  1. Taxes due = what you owe the government. Tax credit = the amount you can deduct from taxes due. If your taxes due is $1000 and you have a tax credit of $200, you owe the government $800.


  2. tax due is like sales tax that you owe and pay at point of sale.

    Tax credit is 1on 1 tax owed reduction. If you get a tax credit of $4.00 on a point of sale that has $4.00 tax due then you pay no tax at all

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