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Old 01-22-2008, 07:43 AM
noflash noflash is offline
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Default Re: FYI: TurboTax 2007 and the Hybrid Tax Credit

Quote:
Originally Posted by arbittan View Post
Well I did a mock test run on my taxes through intuit.com free online filing and it only gave me 1200.00 back with the hybrid credit. So you will not recieve 2100.00 back like the salespeople say

It seems the 2100 will lower your taxable income. So if anyone had any questions about that, there it is.

This is misinformation. You must've been hit with the AMT.

The $2100 is a tax credit, not a deduction.

My test run through TaxAct.com's program had no problem adding $2100 to my return.
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