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.
Two of these savings are âabove-the-line deductions,â lowering the amount of taxable income: the Student Loan Interest Deduction and the Tuition and Fees Deduction. Two other savings are tax credits, which reduce the amount of taxes actually paid: American Opportunity Tax Credit and the Lifetime Learning Credit.