@yanetown wrote:
Wording on the credit states
"The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes."
To Clarify: How can I confirm that my husband and I owe more than $7,500. We usually get a refund but recently both started working so previous taxes wont indicate how much we will owe next year.
You can estimate your tax liability for 2023 using this calculator. It uses 2022 rules, but they haven't changed very much. Remember that your refund doesn't matter, what counts is what you owe to the IRS over the whole year (what the IRS gets to keep).
TaxCaster tax calculator
