So with the new rules of nonrefundable credit-- I just want to clarify and apologies in advance if it is a repeat or naive question:
As long as my total tax liability for the year is greater than $7500, I should receive the credit, either as a reduction of my tax due or a refund
Or do I have to owe greater than $7500 in taxes when I File the return, to apply the credit-- if so I can change my withholding elections to get a greater tax bill
Much appreciate your answer
Ram
