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Deductions & credits
@davidleonardcook wrote:
The dealer believes that the credit only applies to the additional payment (if any) which you owe when you file, on top of any withholding. He must be misunderstanding, but I thought I'd check.
Perhaps the dealer just phrased it poorly. This particular tax credit is a nonrefundable credit (see link below); if you have no tax liability the credit is useless (i.e., the credit is not "refundable").
‎September 1, 2020
3:03 PM
770 Views