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Deductions & credits
Expenses are actual business expenses incurred for your business.
Tax credits reduce the amount of income tax you owe to the federal and state governments. Tax deductions allow individuals and companies to subtract certain expenses from their taxable income, which reduces their overall tax bill.
As long as you have documentation to proving the expenses that you show, you will be okay.
Tax credits reduce the amount of income tax you owe to the federal and state governments. Tax deductions allow individuals and companies to subtract certain expenses from their taxable income, which reduces their overall tax bill.
As long as you have documentation to proving the expenses that you show, you will be okay.
‎June 3, 2019
12:20 PM