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.
This credit, which is worth up to $1,000 per child for the 2017 tax year, increasing to $2,000 per child beginning in 2018, can reduce your tax liability for the year. Unlike a tax deduction, which lowers your taxable income, a tax credit reduces your tax bill dollar-for-dollar.