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Deductions & credits
The credit can only reduce your tax liability to Zero. Any remaining credit is carried over to the next tax year.
Look at your Form 1040 Lines 16 thru 24. Is your Total Tax on Line 24 $0
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
‎January 17, 2025
8:00 AM