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A tax credit can provide significant savings. It reduces the amount of income tax you have to pay. Unlike a deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the tax itself. You must refer to the final Internal Revenue Service (IRS) rules to...
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It may not seem like using a compact fluorescent light bulb or fixing a leaky faucet will do much to reduce your energy costs - or protect the environment.
But if every household practiced just a few simple conservation ideas...
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