ToddL99
Expert Alumni

Get your taxes done using TurboTax

It could certainly make sense. If your income put you in the 24% tax bracket (MFJ - $171,051 to $326,600), a $4,000+ reduction in taxable income would be worth approximately $1000.

 

Also, a lower taxable income may have increased the value of a tax credit or deduction that had been limited by your income.