- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
To use up the credit you need to increase your taxable income ... convert an IRA to a ROTH, sell some stock, increase your wages or self employment, take a pension or IRA distribution. Otherwise you may never use up the credit if your only income is SS benefits.
Sadly I doubt there is much you can do about the fix you are in ... read the contracts carefully and/or seek local legal council.
‎July 5, 2020
4:00 PM