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.
The American opportunity credit and the lifetime learning credit, as the names suggest, are credits rather than deductions, so they take a bigger bite out of your tax bill. A deduction reduces your taxable income, which can reduce your final tax bill.