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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.
‎August 18, 2023
11:58 AM