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The tax break is not a credit. It is subtracted from your income along with your standard deduction and your own $4050 personal exemption to determine how much of your income is taxable. The less income that is taxable, the less tax you pay.
The tax break is not a credit. It is subtracted from your income along with your standard deduction and your own $4050 personal exemption to determine how much of your income is taxable. The less income that is taxable, the less tax you pay.
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