Your tax liability is that which you owe despite what was withheld. Correct? Correct.
Or is what you’re saying is you have to have more tax withheld. Negative... withholding is immaterial.
So if your income is such you owe $15,000 in federal tax, then you can qualify for both rebates even if your tax withheld is more or less. The amount withheld is immaterial to being able to use the credits.
Is your gross income or agi that matters. Is this right? Actually it is taxable income that matters since that is what the tax liability is based on and what the credit can reduce.
The tax return is basically a long math problem so look at the form 1040 lines 15 thru 22.
