- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
‎February 8, 2024
7:07 PM