Tax deduction

Tax deduction

Image licensed under CC0 1.0

lowers a person's tax liability by lowering his or her taxable income.

Pros

Improves the return from an investment

Cons

You need taxable income to take advantage of this, i.e. a municipality can't use it.

Real Talk

Aligns asset investments with others like homes or medical expenses.

No Comments Yet.

Leave a comment