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.
1 In 2014, married filing separately taxpayers only receive a standard deduction of $6,200 compared to the $12,400 offered to those who filed jointly.2  If you file a separate return from your spouse, you are automatically disqualified from several of the tax deductions and credits mentioned earlier. In 2014, married filing separately taxpayers only receive a standard deduction of $6,200 compared to the $12,400 offered to those who filed jointly.