Exterior of the Jack, Joseph and Morton Mandel School of Applied Social Sciences

Mandel’s Robert Fischer explains difference between a tax credit and tax deduction

Reading between the lines of Ohio Gov. Mike DeWine’s 2023 State of the State
WKYCRobert Fischer, associate professor and co-director of the Center on Urban Poverty and Community Development at the Jack, Joseph and Morton Mandel School of Applied Social Sciences, explained the difference between a tax credit and a tax deduction, the latter of which was proposed by Gov. Mike DeWine in his annual State of the State address. “A deduction is going to have restricted benefit to families because it’s only going to be yielded to those families actually facing a tax outlay,” he said.