March 25, 2011

Tax Credits vs. Tax Deductions

In this short video (1:12), Ron Blue explains the difference between a tax credit and a tax deduction. Taxes often create anxiety because they can be confusing. Ron encourages you to be wise in preparing your taxes and to consult a tax professional if you need your specific tax questions answered.

As always, Ron’s encouragement to you is to go back to God’s Word to restore your faith.  Take a moment to consider the following Scriptures, and meditate on their Truth and their application.

Mark 12:17 (NIV)
“Then Jesus said to them, ‘Give to Caesar what is Caesar's and to God what is God's.’ And they were amazed at Him.”

Romans 13:1 (NIV)
“Everyone must submit himself to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God.”

Proverbs 15:22 (NIV)
“Plans fail for lack of counsel, but with many advisers they succeed.”


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Related Articles & Links:

Jim Wang explains tax deductions vs. tax credits.

Do you know the difference between a tax deduction and a tax credit?

Steve Scalici gives biblical advice on paying your taxes.


Video Transcript