Reply To: The New Tax Law – 2018 – How it affects frum families

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December 21, 2017 4:45 pm at 4:45 pm #1432114
🍫Syag Lchochma
Participant

Joesph, it is true that a tax credit is more beneficial than a deduction as your deductions can zero you out but the credits are a cash in hand refund. The problem is that it isn’t $2000 for kids under 17. It’s $2000 minus education credits. and you can be supporting 10 unmarried kids without having a handful under 17.