Nick-K-EA
Expert Alumni

Deductions & credits

Let me rephrase my previous statement: The advance payments do not change the amount of the credit, they just shift some of the payment of the credit from your refund check to monthly checks. The checks aren't going to add up to more than your credit. But if you are counting on your full credit to get you from owing to getting a refund, then the advances are going to prevent that from happening.

Nick K, EA