- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you very much DoninGA. I appreciate your prompt response. Sorry I forgot to mention that I had a Teaching Job online for a University and earned $3,600 paid no Federal Tax. So Turbo Tax is giving me $165 credit.
I was reading about People with kids under the age of 17 ( I was left with 5 kids under 17 when my husband passed)
Reading: For 2022, certain low-income people can only get up to $1,500 per child as a refund, instead of the full $2,000 child credit, if their child credit exceeds the taxes they otherwise owe.
I get confused about the $1,500 refundable part "if the tax credit exceeds the taxes"?
Kind Regards.
‎February 12, 2023
4:17 PM