Tax Deductions and Credits MCQs
Which of the following is a tax deduction? A) Child tax credit B) Charitable contributions C) Earned Income Tax Credit (EITC) D) Education credits Answer: B Which tax credit is specifically designed to benefit low-income workers? A) Mortgage interest deduction B) Child tax credit C) Earned Income Tax Credit (EITC) D) Lifetime Learning Credit Answer: … Read more