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carigari
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I want to claim a federal and state solar tax rebate but don't have enough liability right now. Can I change my W-4? Up, down or is there another way?

more tax owed so can use tax credits

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3 Replies

I want to claim a federal and state solar tax rebate but don't have enough liability right now. Can I change my W-4? Up, down or is there another way?

I want to claim a federal and state solar tax rebate but don't have enough liability right now. Can I change my W-4? Up, down or is there another way?

Bottom line: You need to generate additional taxable income, not change your W4 withholding. But be aware that Congress is looking at 2017 tax law changes.

I want to claim a federal and state solar tax rebate but don't have enough liability right now. Can I change my W-4? Up, down or is there another way?

An unused Federal solar credit can be carried forward to the next tax year.
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