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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (95167)11/10/2008 4:59:27 PM
From: Lane3  Respond to of 541457
 
Remember that tax credits are payable as refunds, even for people who have no tax liability.

Oh. Never been in that situation; didn't know. Still, it seems an odd way to do it. A paycheck seems more compatible.



To: Cogito who wrote (95167)11/12/2008 5:41:51 PM
From: TimF  Read Replies (1) | Respond to of 541457
 
Regular tax credits aren't payable as refunds, they can only bring your income tax liability down to zero.

But refundable tax credits can be given as a refund even when no taxes have been paid, and Obama seems to like using that idea.


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