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.
Additionally, the standard deduction allowed on the tax return is highest for married couples filing a joint return. (See exemptions and deductions explained .) For 2014, single taxpayers are allowed a standard deduction of $6,200, while married couples filing a joint return are allowed a deduction of $12,400.