Tax deduction is a reduction of income that is able to be taxed, and is commonly a result of expenses, particularly those incurred to produce additional income. The difference between deductions, exemptions and credit is that deductions and exemptions both reduce taxable income, while credits reduce tax.
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Disclaimer: Nothing published by Ascenture Capital should be considered personalized investment or tax advice. There are significant risks associated with investing in commodities especially with Oil. This is not a solicitation to buy or an offer to sell any securities. Any such solicitation or offer will only be made through a Private Placement Memorandum in accordance with Regulation D Rule 506c. A thorough discussion of Tax Benefits and Risk Factors associated with the investments promoted are contained within the Private Placement Memorandum of each investment type.