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  • Which is better a tax credit or a tax deduction 2024?

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    Questioner：Olivia Morris 2023-06-13 09:06:57
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  • Benjamin Lee——Works at Facebook, Lives in Menlo Park, CA

    Tax credits provide a dollar-for dollar reduction of your income tax liability. This means that a $1,000 tax credit saves you $1,000 in taxes. On the other hand, tax deductions lower your taxable income and they are equal to the percentage of your marginal tax bracket.Aug 28, 2013read more >>
    +119962023-06-15 09:06:57

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