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What is the Credit I see in my Tax History?

Overview

I was reviewing my tax history and see a credit. What is that for?

Environment

MyLodge Tax

Resolution

  • The credit (or discount) on your account is from the collection allowance.

  • The collection allowance is a small percentage of the tax, discounted by the tax authorities.

  • They give this discount to taxpayers who file and pay timely. Since we always file and pay your account timely, we give you this discount upfront, before we debit the taxes to be paid.

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