Australian Society of Certified Practising Accountants. Australian Tax Index - Oz Tax from Flinders University. Business Coalition for Tax Reform. National Tax and Accountants Association. To access our GST Links site.

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Saturday, September 29, 2012. An IRS tax credit differs from a deduction in that a credit is a dollar for dollar refund and a deduction is not. A tax credit reduces the amount of taxes that you pay, while a deduction lowers the amount of income that you claim. Many such credits are dependent on the amount you earn, and there are more credits available for low-income earners. There are several different types of tax credits available. There are other credits available as well.

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