Respuesta :

tax credits provide dollar for dollar reduction of the persons income. meaning $1,000 tax credit saves $1,000 taxes.

Tax deductions lower taxable income and then they equal the % of the persons marginal tax bracket

Answer:

Tax credits provide dollar for dollar reduction of the persons income. meaning $1,000 tax credit saves $1,000 taxes. Tax deductions lower taxable income and then they equal the % of the persons marginal tax bracket.

Step-by-step explanation:

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