Correct - only reduce your tax liability

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Jan 6, 2025
3:44:55pm

SwanSong All-American

Correct - only reduce your tax liability

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SwanSong

Previous username: VballDad
Bio page: SwanSong
Joined: Oct 19, 2014
Last login: Jan 7, 2025
Total posts: 8,932 (10 FO)

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Messages

Author

Time

Tax tip:Saver’s credit- married $46kAGI is 50%, remind your kids for tax file

SwanSong

Jan 6, 3:39pm

Uh

Deeppost

Jan 6, 3:42pm

It’s a direct “credit” against the taxes you OWE, different from tax rebate

SwanSong

Jan 6, 3:44pm

I already knew that but for the stupid people who did not already know it, could

byubyu

Jan 6, 3:43pm

There’s an example right there in the link of a married couple

SwanSong

Jan 6, 3:45pm

Example of married filing jointly

SwanSong

Jan 6, 3:46pm

Not refundable though right?

Ron Mexico

Jan 6, 3:44pm

Correct - only reduce your tax liability

SwanSong

Jan 6, 3:44pm

Is this new?

Agaricus

Jan 6, 4:15pm

Been around for a very long time.

BYUCPA

Jan 6, 4:50pm

Do contributions made prior to April 15th and claimed in the prior year count

Agaricus

Jan 6, 4:26pm

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