What is best: a tax deduction or a tax credit?

Answer On One Hand: Tax Deductions May Save You MoneyA tax deduction and a tax credit can save you money from your annual income tax, but they do it in completely different ways. A tax deduction only all... Read More »

Top Q&A For: What is best: a tax deduction or a tax credit

Who eliminated tax deduction for credit card interest?

The 1986 Tax Reform Act eliminated American consumers' ability to claim credit card interest as a valid tax deduction. The act was passed by Congress and signed into law by Ronald Reagan.References... Read More »

What is the best bank to get a credit card if you have bad credit?

On One Hand: Secured Credit Cards Best.Any bank offering a secured credit card is your best bet if you have bad credit but want a credit card. You will have to deposit money into a savings account ... Read More »

What is the best credit card for a bad credit rating?

On One Hand: Orchard Bank Offers Four ChoicesWhen you look through credit card applications online at traditional sites such as, you will see that Orchard Bank is mentioned seve... Read More »

How to Decide Which Mileage Tax Deduction is Best?

Your mileage tax deduction can be determined by using actual auto expenses or by using the federal standard mileage rate. Usually the higher amount is used to decide which mileage tax deduction is ... Read More »