Geo thermal 30% credit - When tax liability is less that the credit, I lost the child tax credit. is that right?
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Energy credit and child tax credit
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Originally posted by JenMO View PostGeo thermal 30% credit - When tax liability is less that the credit, I lost the child tax credit. is that right?Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR
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YES, the return finally showed up with the add'l child tax credit. So, I guess I didn't actually lose it, just moved on me. I thought tax credits went in order as on the form, and we would get the child tax credits first, then the energy credit, and what was left would move to next year. Instead we are eating up our energy credits, and getting a child tax refund. Seems like it should be the other way around, then there would only be the refund of taxes withheld. I guess gov't just wants to give out more money.
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