The credit is restricted to $2,000 because the credit rate is greater than 20%. After applying the restrict based mostly on the credit fee, your credit score generally can’t be greater than your tax liability. See the Credit Limit Worksheet …
The credit is restricted to $2,000 because the credit rate is greater than 20%. After applying the restrict based mostly on the credit fee, your credit score generally can’t be greater than your tax liability. See the Credit Limit Worksheet …