KS Tax Credit and Investment Opportunity
Unhappy with your 2011 tax bill? Tax credits can be extremely beneficial to taxpayers who are phased-out of other potential deductions due to their income level. Tax credits are also more beneficial than tax deductions because a credit lowers your tax bill dollar for dollar; a deduction lowers your taxable income, meaning it’s value depends on your tax bracket. For example, if you’re in the 25% bracket, a $1,000 deduction lowers your tax bill by [...]