carrbarre
New Member

Deductions & credits

Hi @Texas Roger

Thanks for all your advice on this thread! I have been researching and reading lots of threads but still feel no closer to understanding if I should take any action to maximize my usage of the federal tax credit.

In 2018 I will earn about $85,000 and after checking the table you linked see that my federal tax liability as a single filer is therefore $17,045. In order to use all the federal tax credit, would you advise that I change my current filing? My W-4 is currently set to single with 2 personal allowances.

Thank you,
C