Question

How do i know if i should click on received credits/deductions

Forum|Forum|4 years ago
February 15, 2022
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TurboTax Online

Tax credits reduce the amount of income tax you owe to the federal and state governments. Tax credits are one of the most valuable tax-saving tools you can use.

A tax deduction lowers your taxable income and thus reduces your tax liability. You subtract the amount of the tax deduction from your income, making your taxable income lower.

I would recommend that you go over the deductions and credits section to take advantage of any tax break available for you that can reduce any amount you might owe or increase your refund.

For more information please check Credits and Deductions for Individuals

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