3 ms·

If you have a low tax burden and get a large tax credit, don't you just receive that as a refund?

• jcrawfordor 3y ago
  The federal solar tax credit can't take your tax liability below zero, but any remaining portion can be rolled over to later tax years until it's exhausted. Given this, I think a situation where someone couldn't meaningfully benefit from the credit would be very unusual. You'd have to have an effective tax rate of zero for years at a time.
• zopa 3y ago
  That’s the difference between a plain old tax credit and a “refundable” tax credit.