Explain how a deduction, such as the mortgage interest tax deduction, can save you money. Why do deductions benefit people in different tax brackets differently? Question content area bottom Part 1 Choose the correct answer below. A. A tax deduction saves money by decreasing the taxable income. The amount saved is proportional to the tax bracket marginal rate. B. A tax deduction saves money by decreasing the tax bill directly. The amount saved is limited by the tax bracket marginal rate. C. A tax deduction saves money by decreasing the taxable income. The amount saved is limited by the tax bracket marginal rate. D. A tax deduction saves money by decreasing the tax bill directly. The amount saved is proportional to the tax bracket marginal rate