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Deductions & credits
Robert and Dave,
Thanks again for your help. I wanted to confirm that I can and will receive the tax credit/refund mentioned above if I file a form 1040 for 2020, even with zero income? As it appears to me, I will simply enter zero's for all the income sections of the 1040 and fill in the relevant credits (ie. line 73 of the 1040)?
I have been living with my parents and studying/traveling all year and need to confirm if I can reliably budget the ~$16,000 mentioned above for my 2021 financial planning.
Thank you!!
Eric
‎August 23, 2020
6:14 PM