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1. hnburn+(OP)[view] [source] 2026-02-02 05:36:42
These are credits that only work if you have owe federal taxes and they cannot be carried forward. I've seen estimates that 40-45% of taxpayers owe 0 or close to 0.
replies(2): >>mrd999+ss >>Dangit+7V
2. mrd999+ss[view] [source] 2026-02-02 10:49:49
>>hnburn+(OP)
Eh? If you have income you owe taxes, Uncle Sam just takes it before you even see it
replies(3): >>direwo+nv >>Jobles+Ts2 >>Dangit+cfc
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3. direwo+nv[view] [source] [discussion] 2026-02-02 11:21:33
>>mrd999+ss
Federal taxes specifically.
4. Dangit+7V[view] [source] 2026-02-02 14:20:05
>>hnburn+(OP)
You can also get considerable rebates if your state participates in the "Inflation Reduction Act Home Energy Rebate Program", especially if you are low income. My state is still working on rolling it out but hopefully many people who can't use tax credits will be able to take advantage.

https://www.tn.gov/environment/program-areas/energy/state-en...

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5. Jobles+Ts2[view] [source] [discussion] 2026-02-02 21:57:33
>>mrd999+ss
I think something like 25% of the population reports 0 household income.

(I don't understand the implications, it was just surprising when I heard that.)

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6. Dangit+cfc[view] [source] [discussion] 2026-02-05 14:16:54
>>mrd999+ss
They are right, tax credits can't reduce your tax burden below 0 so this incentive does nothing for very low income families.
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