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.
Background. The standard deduction reduces the income that is subject to tax. The amount of the standard deduction depends on. 1  the filing status, 2  the age of the taxpayer and spouse, 3  whether the taxpayer or spouse is blind, and. 4  whether the taxpayer can be claimed as a dependent on another taxpayer's return.