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You are in the 25% marginal tax bracket. You have the option of deducing $2,000 as an adjustment to income on the front page of
You are in the 25% marginal tax bracket. You have the option of deducing $2,000 as an "adjustment to income" on the front page of Form 1040, or you can rate a $750 tax credit on the back page. Which option reduce your annual Income taxes by the largest amount? A. Deduct the $2,000 as art adjustment to income B. Tate the $750 tax credit C. The two options are equivalent D. All of the above [wait, what?)
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