348 | The Rules of the Game
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What Is the Difference Between Tax Deduction and Attack Credit?
Yen: A tax credit is a dollar for dollar reduction in the liability, the tax liability. Snara: When someone writes something off, which is just called a tax deduction, it just means that was a legitimate business expense. But again, to derisively say, oh, it's just a right off? It's not free. Yen: Most of us understand that having six kids is very dumb thing but when you find out there is a solar panel on your roof then t ou can get one too.
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