VictoriaD75
Expert Alumni

Deductions & credits

Credits are typically more valuable than deductions. Credits reduce your tax liability dollar-for-dollar while deductions reduce income prior to calculating the tax liability. TurboTax will choose the most valuable to the taxpayer. We cannot see your return in this forum, but this may be the case. You can review your return to determine the impact.

  • From the menu on the left, click on Tax Tools
  • Click on Tools
  • Choose View Tax Summary
  • Again, from menu on the left, you can preview your NJ return
  • Scroll through the return to determine the impact of the credit

 

 

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