RyanCangco
Returning Member

Deductions & credits

Hi Vanessa,

 

So if my tax liability is 5k, 5k will be subtracted from it (7.5k - 5k) thereby bringing it to zero, which should boost my refund up by 5k correct?

 

I have 4k in refund and would like to make sure I at least get some benefit from buying the car.