Donna, thank you so much for your response. Am I understanding correctly...?
-If my total tax liability (line 24 on tax return) is greater than $7,500, then I will receive the full $7,500 tax credit in the form of a tax refund?
-My total tax liability (line 24) for 2022 was over $24,000. We haven't changed anything to our withholdings, so we anticipate that will be somewhere around the same amount.
With that information, I do not need to file for additional withholdings, correct?
Please let me know if I understand correctly.
Thank you @Donna F 77
