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After you file
The $22,500 !
That 22,500 would be the tax liability you had "before" considering the 20,000 withholding that already done done.
.ie....your tax liability is the taxes calculated directly from your "taxable" income
In your example....the 2,500 you are talking about is normally just referred to as the final balance due (if you didn't have the EV Credit, or any other credits to use)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎July 23, 2021
4:46 AM