Your client, Tim Bailey, doesn't understand your investment strategy of favoring tax credit over tax deduction. How would you explain your recommendation to Tim?

Question

Quizplus · Accepted Answer

The Answer is It is easy to explain that a tax credit reduces the tax dollar for dollar, whereas a tax deduction reduces the tax only by the marginal tax rate (e.g., by 28 percent) of the taxpayer.

Your Client, Tim Bailey, Doesn't Understand Your Investment Strategy of Favoring