Philadelphia tax credits are like a get out of jail free card. They equate to getting a pass on some of the tax you owe. Unlike tax deductions which are subtracted from taxable income, tax credits are subtracted from...
Philadelphia tax credits are like a get out of jail free card. They equate to getting a pass on some of the tax you owe. Unlike tax deductions which are subtracted from taxable income, tax credits are subtracted from tax owed making them much more valuable. A tax credit reduces your tax liability, dollar for dollar, ...
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