ST Alpha - ""If you owe less you don't get the extra in cash." ?? -- nm" (Reading a Post)

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In response to "The credit has nothing to do with withholding. -- nm" by znufrii

"If you owe less you don't get the extra in cash." ?? -- nm

Posted by amanda jeans (aka amanda) Apr 12 '21, 11:32

(No message)

Responses:

Imprecise language. Non-refundable credits are limited by your total tax liability for the year, not by how much you might owe when you file. -- (edited) - znufrii Apr 12, 11:34 4
- why not just say that? what I owe is completely different from my liability. so clarifying -- (edited) - amanda jeans Apr 12, 11:36 3
  - Yes. -- nm - pmb Apr 12, 12:36
  - Also note that the credit covers a time period. It doesn't instantly drop in half on the 200,000th (example) sale. It - TWuG Apr 12, 11:46
  - Yes, that sounds right. -- nm - znufrii Apr 12, 11:38

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