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Douglas Johnson[_2_] Douglas Johnson[_2_] is offline
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Default Solar Systems, Entry level--- More

Andy wrote:


The tax credit is against the tax liability, so it comes off the
bottom
line instead of the top. Still, if the bottom line isn't as great as
the
tax liability, I'm pretty sure the IRS won't give you credit in excess
of
the tax you owe.


There are refundable tax credits where you can get back more than you owe. The
earned income credit is one. But the energy credit is not.

Some of the IRS rules are very arbitrary.


That's because they don't come from the IRS but from Congress by way of the IRS.
-- Doug