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Deductions & credits
The credit is a credit. Credits are calculated on schedule 3. Your income tax is calculated on form 1040. After your tax is calculated, any credits from schedule 3 are subtracted from the tax to arrive at your final income tax. Your final income tax is compared with your withholdings and any excess withholding is returned to you as a refund.
‎July 20, 2022
6:53 PM