2 ms·
Tax write offs never ‘make up for’ anything - if you write off $1000 in property taxes, it will reduce your tax burden by ($marginal_tax_rate*1000), which will
by djrogers 6y ago
Tax write offs never ‘make up for’ anything - if you write off $1000 in property taxes, it will reduce your tax burden by ($marginal_tax_rate*1000), which will by definition be less than $1000.
Tax write offs are distinct from tax credits.