Taxes 101 - What is a Tax Credit?

Geoff Cook - CFP, CHAIP

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Last time we talked about tax deductions. The next important piece to understand is tax credits. There is a couple more moving parts to a tax credit, but it is still simple to understand.

What is a Tax Credit?

A tax credit is an amount of money that will be returned to you based on the specific credit.

A tax deduction reduces taxes payable. A Continue reading

Taxes 101 - What is a Tax Deduction?

Geoff Cook - CFP, CHAIP

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What is a tax deduction?

When financial planning - taxes become a very important piece of the puzzle in many different times in our lives. It is often best to start with the basics before we can go in to strategizing. This way, if everyone understands how things work, it mak...

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