When you go on business on your own, there are many perks you enjoy like setting your own hours, taking only the jobs you want and working for the opportunity to make more money than when you are an employee. Unfortunately one thing most of us are not ready for is doing taxes.
Tax deductions and tax credits are usually referred to as the same by most people. They can definitely make a big impact and cut down your tax bill significantly, but in different ways. Read below to learn what are the differences— along with some of my favorite tips for saving money this tax season.