What Tax Credits Do I Qualify For?Anchin in the News December 2, 2019
Credits can only be applied to income tax though. "You have to pay tax to get the credit," explains Richard Stieglitz, a CPA and tax partner with accounting firm Anchin, Block & Anchin LLP in New York City. Money from a credit can't be used to offset Social Security taxes or self-employment taxes, he says.
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