Deductions & credits


@Opus 17 wrote:
so that ordinary taxpayers

 

Unfortunately, because the credit is not refundable and the personal credit does not carry over to future years, Congress seems to want to not fully support low-to-moderate income people with that credit.

 

For example, a Single person with $65,000 or less of income and using the Standard Deduction won't be able to fully utilize the $7,500 tax credit.