When you get your 2022 tax return filled in.
IF you have somewhat similar income for 2022:
Check the value on line 18 of your form 1040. That is your initial tax liability, and the 7500, will be subtracted from that $$ amount later (the 7500 will be all or part of line 20) to get you a new tax assessed value on line 22.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
