Keep everything you need close to hand when making the phone call â your UCAS Track number; a handy list of your grades, including your GCSEs; your personal statement; and the universityâs UCAS number, plus also its clearing code. Make notes as you go along.
A tax credit reduces the income tax you pay, while a deduction reduces the amount of your income that is subject to income tax.rom a practical perspective, both tax credits and deductions reduce your tax. The difference between credits and tax deductions centers around their process, not their effect.
Pre-Tax Deduction Vs. Post-Tax Deduction. Your paystub reflects the deductions taken from your earnings. When you get paid, numerous deductions can taken out such as taxes, 401(k) payments, insurance, Flexible Spending Accounts, Heath Savings Accounts and wage garnishments, among the most common. Some of these are taken from your check pre-tax and others post-tax.