Question: If Sofia decides to itemize her deductions this year, she can take a $3,000 deduction for her mortgage interest.She also has a $3,000 tax credit
If Sofia decides to itemize her deductions this year, she can take a $3,000 deduction for her mortgage interest.She also has a $3,000 tax credit for installing solar panels on her house.Are these two equivalent in terms how much will be refunded when she files taxes?If so, why?If not, why not?
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