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Money and Finances
Reply to "Tax help-please educate me"
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[quote=Anonymous][quote]Your use of "just" implied you incorrectly thought that deduction > credit.[/quote] Sorry, I was tired when I wrote that and I'm sorry if my wording was imprecise. I just meant that it was different. I also didn't meant to be overly nitpicky, just that it makes a difference when you are doing your taxes. You are right that a dollar per dollar decrease in your tax liability is "better" than a deduction which lowers your AGI. To address another PP, I also don't see why trying to understand the general gist of what you are inputing into turbo tax (not at the level of a CPA or a tax attorney, but just in laymen's terms) is such a terrible thing. I am no tax expert, but I generally try to google/read sections of the IRS website and get the gist of what my tax credits and deductions are for to ensure that I am inputing everything into Turbo Tax correctly, and I don't like just trusting programs 100% blind.[/quote]
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