What is the difference between a tax credit and a tax deduction? Select all that apply.

Group of answer choices

Some tax credits are refundable, whereas tax deductions are never refundable.

A tax credit reduces your taxable income; a tax deduction directly reduces the amount of taxes you owe

Tax deductions always save you more than tax deductions.

A tax deduction reduces your taxable income; a tax credit directly reduces the amount of taxes you owe