rjs
Level 15
Level 15

Deductions & credits


@Nance59 wrote:

That just doesn't make sense - along with everything else this gov't does - the "bill" says nothing about what your tax liability is - just says you will get $2000 back


@Nance59  The credit is nonrefundable, so it is automatically affected by your tax liability. The bill doesn't have to say that explicitly. And it doesn't say you will get $2000 back. It says you will get not more than $2,000. The $2,000 is a maximum, not a minimum or a fixed guaranteed amount.