To take full advantage of the tax credit, you'd have to owe $7500 income tax, which would mean at least 57K if single, 67K for married filing jointly. More if h

To take full advantage of the tax credit, you'd have to owe $7500 income tax, which would mean at least 57K if single, 67K for married filing jointly. More if high itemized deductions, or if dependents. Assuming I read the tax tables [0] and form 1040[1] instructions correctly and didn't make a dumb arithmetic error. [0]https://www.irs.gov/pub/irs-pdf/i1040tt.pdf https://www.irs.gov/pub/irs-pdf/i1040tt.pdf [1]https://www.irs.gov/pub/irs-pdf/f1040.pdf https://www.irs.gov/pub/irs-pdf/f1040.pdf