Title: Examine potential tax deductions and credits on a tax return.
Course: Economics and Personal Finance (19262-I) > Section: Demonstrating Knowledge of Taxes

Examination should include an explanation of the difference between a tax deduction and a tax credit and should identify potential tax deductions and credits on a tax return. Examples of deductions may include local taxes paid, interest on student loans, and charitable contributions. Possible tax credits may include the costs of energy-saving vehicles or home improvements.