All Questions
Tagged with tax-credit income-tax-refund
4
questions
3
votes
1
answer
1k
views
Is there a child credit refund for tax year 2022, or is it just a reduction in tax liability? (IRS 1040)
My tax software didn't show a refund for child credits on my IRS 1040 for tax year 2022 as it did in previous years. I paid foreign taxes and still the balance shows as zero instead of a refund.
I ...
- 462
1
vote
0
answers
108
views
Received child tax credit refund after owing federal taxes
I filed my taxes (married filing jointly) in early February and owed $2,075 in taxes on AGI of $160,750. I have 2 children (ages 6 and 8) who I claim as dependents.
We were issued 6 monthly payments ...
6
votes
2
answers
893
views
Does overpaying estimated taxes lead to loss of non-refundable tax credit?
Say:
My total fed tax liability is 60K.
I've made estimated payments of 65K. (keeping withholdings out of picture here for simplicity)
I'll expect a tax refund of 5K.
I also installed solar panels and ...
- 161
0
votes
1
answer
71
views
Get rebate if investment tax credits exceed taxes due?
If I get a large investment tax credit that exceeds the taxes that I owe, do I get a tax refund, or is the credit lost? If excess credits cannot be turned into a refund can I defer them to another ...
- 9,785