11-30-2010, 06:10 PM
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Resident Curmudgeon
Location: CA
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Join Date: Jul 2009
Posts: 6,829
Mein Auto: '12 X5 35d/E39M5/996TTX50
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Quote:
Originally Posted by laughscott
it still is $1,800 to be applied against your 2010 income.
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Actually it is a tax credit not a income deduction....
So you just take what tax you owe, and say "$1800 off my tax bill". (Well, turbotax or your accountant does it...)
A
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