CatinaT1
Employee Tax Expert

Deductions & credits

You do get the the 30% credit, but if the amount of the credit is more than your tax liability, you will not get to take the entire credit in the first year.

 

So if your credit is $1500, but your tax liability is only $500, you only get to take $500 of the $1500 this year and carry over the remaining $1000 to future years.

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