Deductions & credits


@NCperson wrote:

@Opus 17 - it’s line 22- not 24… you can’t use the tax credit to reduce the SE tax - just the income tax liability can be reduced 😀

 

ps and the line numbers will be the same in 2023 as in 2022 based on the draft 1040 that the IRS has posted 


I guess the 2022 credit is based on line 18 tax minus certain credits, so it is probably line 22.  That means that the EV credit can't offset any of the extra taxes on schedule 2, not just SE but everything else on that form.