DawnC
Employee Tax Expert

Education

Credits are more valuable than deductions.  See this article for a more detailed explanation.  

 

The deduction amount is subtracted from your taxable income and then your tax rate is applied, so you only see a portion of the deduction in your final tax bill.   The credit directly reduces your tax bill.  

 

Anytime you want to look at that screen again or change your option to compare, type letme (no space) in the search bar and use the Jump to link to get back there.  You can look at your 1040 to see the effects of each option.  

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