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You have the option of deducting​ $2,000 as an​ "adjustment to​ income" or $250 tax credit on the back page. Which option will reduce you taxes by the largest​ amount?
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You have the option of deducting​ $2,000 as an​ "adjustment to​ income" or $250 tax credit on the back page. Which option will reduce you taxes by the largest​ amount?

User NLV
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1 Answer

2 votes

Answer:

"adjustment to​ income"

Step-by-step explanation:

"adjustment to​ income" determine the actual gross income that can be taxed.

In this situation tax credit is $ 250 which is less than deductions $ 2000.

$ 2000 will reduce taxes by larger amount.

User Qwertylpc
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5.2k points
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