CNBC: There are key differences between tax credits and deductions. What to know before filing your return

Judson Meinhart was quoted in CNBC's recent article about differences in tax credits and deductions.

“If you’re eager to slash your tax bill, two popular methods are claiming credits and deductions on your return. While both can reduce your balance, these write-offs have key differences, which ultimately affect your bottom line.

Credits lessen your liability on a dollar-for-dollar basis, whereas deductions reduce income subject to tax, said certified financial planner Judson Meinhart, manager of financial planning at Parsec Financial in Winston-Salem, North Carolina.”

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