Get all your news in one place.
100's of premium titles.
One app.
Start reading
GOBankingRates
GOBankingRates
Laura Bogart

This Tax Confusion Could Be Costing You Money — a CFP Explains How To Fix It

Prostock-Studio / Getty Images

When it comes to tax planning, the jargon alone is enough to trip you up. Tax deduction. Tax credit. Potato. Poh-ta-toe. Right? Not so fast. They sound similar, but the difference between them is anything but small. While it’s easy to mix the two up, understanding how they work now — before tax season begins — could save you from leaving money on the table.

For You: Here’s How to Avoid a Huge Tax Bill After a Successful Side Gig

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.