Anonymous
Not applicable

Deductions & credits

i doubt it and here is why

 

say your tax before the credit is                                                                    $10,000

the credit computed  is                                                      $1,200

this is reduced by the advanced payment say               $1,200

additional credit                                                                                                       0

so you habe no credit to apllly to your tax laibility

so your tax due remains                                                                                $10,000

 

 

some people may receive an  additional credit  say you get narried in 2020 and have a child

 

credit computed      $2,900   ($1,200 for you and $1,200 for spouse + $500 for child)

assuming both of you received the abvance payment then  this is reduced by $2,400

so you would get an additioanl credit of $500