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Two Tax Credits Many Small Business Owners Miss --or Don't Know About

Source: inc.com - Jul 24, 2017

Many small business owners miss or misunderstand the power of tax credits to build their businesses. If you read my column, you understand that a tax deduction is something that reduces how much taxable income you claim. A tax credit is something that directly reduces how much tax you owe.

A credit is a dollar-for-dollar benefit on your taxes, meaning that a $3,000 tax credit saves you $3,000 at tax time. Here are two common tax credits that many entrepreneurs simply don't know about that can save thousands of dollars.

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Category: General Business