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If you have to decide to claim a credit or deduction on
your taxes which should you take?
Claim only deductions since credits are charged to
you can can result in big bills later.
Claim all deductions and credits that you are eligible
for since they both can reduce your taxes.
Only claim credits since deductions reduce the
amount of money in your tax refund.
Claim both since they document how much in taxes
you have paid.

Deductions can reduce the amount of your income before you calculate the tax you owe. Claim certain credits and deductions on your tax return and you may be able to get a larger refund, while others may give you a refund even if you don't owe any tax.

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topeadeniran2 topeadeniran2 · Answer 2 · 2021-11-19T21:47:59+01:00

If you have to decide to claim a credit or deduction on your taxes, you should claim all deductions and credits that you are eligible for since they both can reduce your taxes.

It should be noted that itemizing one's deductions is vital for maximizing one's tax savings. When an individual claims their deductions, it helps in reducing their taxes.

Therefore, if an individual decides to claim a credit or deduction on their taxes, the individual should claim all deductions and credits that he or she is eligible for since they both can reduce the taxes.

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