- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Northern Residents Trips - No difference
Living in the prescribed zone in Manitoba, we're allowed 2 trips out per person in our household. Yet when I enter the amounts in Turbo Tax, it doesn't affect my refund at all. Is there a glitch? Why have a deduction if it doesn't make a difference?
Topics:
May 1, 2022
5:24 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Credits and deductions
The Northern Residents Deduction is a deduction from income, not a tax credit. That means it reduces the amount of your income that is taxable. So, if your taxable income is already very low, then the deduction may not make a big difference to your return.
May 4, 2022
3:46 PM