If you are self-employed, the credit will NOT offset your self-employment taxes. So if you stopped paying SS and Medicare taxes, this will still be due. The credit has no affect on that.
If you look at line 16 of your form 1040, this is the number that can be reduced by your solar credit. This number can b e brought down to $0 which you will see on line 22. The number on line 23 is where you will see your SE taxes. This number cannot be reduced by your nonrefundable credits, it can only be reduced by only refundable credits.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
