Replies

To: from occupied ga

You’re confusing a deduction (which offsets taxes paid) with a credit, which you get even if no taxes are paid.

9 posted on 03/02/2020 12:32:47 PM PST by pierrem15 ("Massacrez-les, car le seigneur connait les siens")

To: pierrem15

You’re confusing a deduction (which offsets taxes paid) with a credit, which you get even if no taxes are paid.

Thanks for the clarification

13 posted on 03/02/2020 12:43:01 PM PST by from occupied ga (Your government is your most dangerous enemy)

To: pierrem15

You’re confusing a deduction (which offsets taxes paid) with a credit, which you get even if no taxes are paid.

Credits are a dollar for dollar reduction in tax liability. But some credits are not refundable some are. Too voluminous to list here.

15 posted on 03/02/2020 1:06:43 PM PST by Hyman Roth

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794