No. Turbo Tax does not calculate this for you. At this time, you are required to run two different scenarios and then make the determination which is more advantageous.
Taking a credit is usually better because it provides a dollar-dollar reduction on the tax owed. This is much better than taking the deduction which only reduces a taxpayers taxable income for the year. Deductions are much more simple though because there is no need to prepare additional tax forms. Some taxpayers value this simplicity and choose to take the deduction if they are able to itemize their deductions in their return.
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