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.
Standard Deduction and Tax Computation Introduction This is the first of eight lessons covering the Tax and Credits section of the taxpayersâ return. After complet-ing this lesson on standard deductions and the Itemized Deductions lesson, you will be able to subtract the