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In response to
"Overall, it represents a reduction in your total tax liability for 2020, whether it got paid out in advance or is claimed as a credit on your return. -- nm"
by
znufrii
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Do I owe them this money? Will I get hurt on my next taxes in some way? ELI5, please. If you can. :-) -- (edited)
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I'm not a tax expert and the terms are frustrating to understand. I can do the math easily but hate the wording of it all.
I wish we could afford an accountant to handle this every year.
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Responses:
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