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Deductions & credits
Yes, the amount carried over from your 2020 can be used on this year's (2021) tax return that you are preparing now in 2022. However, if your tax bill has already been reduced to zero this year, the credit will carry over to next year's tax return (2022) that you will prepare in 2023. Do you have a tax liability on Line 16 of your Form 1040?
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March 9, 2022
7:42 PM