Do You Have These Tax Credits? (Write Offs VS Deduction Differences)

What is the difference between a tax credit and a deduction? That is the golden question we are asking here, and, most likely, that is also the question all of you at home are asking.

Luckily for you, we are here to help by answering this question and more. There is a lot to cover but don't feel intimidated because we are professionals who know how to deliver the information in a way that the recipient understands.

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To start our explanation, yes there is a difference between tax credits and deductions. Furthermore, that difference is vital to note and take advantage of.

Tune in for our thorough breakdown of these two tax elements that will help to land more money in your pocket and keep Uncle Sam at bay.

Tax season can feel stressful and complex to the best of us so take the time to educate yourself and learn about these tools to help secure your coin.

Have we answered all your questions in this video? Yes, No, or Maybe.

If you have any more questions you would like us to answer or topic suggestions you would like us to cover, start typing in the comments section now. We check out our comments section regularly and try our best to take notes/ respond to you all.

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Good luck to everyone on their taxes this season, and don't forget to utilize all the information we’ve provided.
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Toby’s businesses have been featured on the Inc. list of fastest-growing US companies on five different occasions, have been voted as national and local “Best Places to Work”, have received numerous awards including business of the year and a “Firm of the Future” by Intuit – makers of QuickBooks. Toby is a US tax expert and successful investor with several hundred individual pieces of real estate throughout the US.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.