WORD OF THE DAY

TAX CREDIT

An allowed deduction that can be subtracted from your income tax. If you are entitled to a $1,500 credit, and your income tax would otherwise be $10,000, the credit would reduce the tax due to $8,500.

Posted by LISA BELL on 01/21/2009 08:15 AM

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LISA BELL

Old Bridge, NJ

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Davis Realtors

Address: 197 Rt 18, Suite 202 N, EAST BRUNSWICK, NJ, 08816

Office Phone: (732) 254-1600 x 250

Cell Phone: (732) 763-3509

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