difference
Credit: deducted from the tax (shekel against shekel). Deduction: Subtracted from income (saves only according to the marginal tax rate). Credit is always better.
Choice
You can choose between credit and deduction. Usually a credit is better, unless the tax rate abroad is very high.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.