Eh? If you have income you owe taxes, Uncle Sam just takes it before you even see it
They are right, tax credits can't reduce your tax burden below 0 so this incentive does nothing for very low income families.
Federal taxes specifically.
I think something like 25% of the population reports 0 household income.
(I don't understand the implications, it was just surprising when I heard that.)
They are right, tax credits can't reduce your tax burden below 0 so this incentive does nothing for very low income families.
Federal taxes specifically.
I think something like 25% of the population reports 0 household income.
(I don't understand the implications, it was just surprising when I heard that.)