Tax Incentive/Credit or a Tax Deduction?
Tax Deductions allow you to lower your income by the amount of the deduction and therefore pay less tax.
Tax Credits or Incentives:
Reduce your tax or tax liability dollar for dollar. There are many ways to realize this benefit: Income, Property Tax, Withholding Tax, Sales Tax etc. But the key here is to know what credits apply to your business or personal return. There are over 90+ programs out there to work with and 9 of 10 businesses qualify for an incentive but only 1 out of 9 use them.
Why not both?
In certain instances, you can receive a State Level Tax Credit and a Federal Deduction in one place. If you want to lower your taxes: Let us know and it will be our pleasure to help!