Write a 150 200 word summary discussing the following items Note You can go over the word count if so desired 1 Explain the difference between tax deductions, tax credits, exemptions, and filing status 2 What tax efficient strategies could be used to lower your tax liability

Question: Write a 150-200-word summary discussing the following items. Note: You can go over the word count if so desired. 1. Explain the difference between tax

Write a 150-200-word summary discussing the following items. Note: You can go over the word count if so desired.

1. Explain the difference between tax deductions, tax credits, exemptions, and filing status.
2. What tax-efficient strategies could be used to lower your tax liability?

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