2024 Schedule 1 2024 Refundable Credits. Tax credits are amounts you subtract from your. Formula 1 stc saudi arabian grand. You expect to owe at least $1,000 in tax for 2024, after subtracting your withholding and refundable credits.
The good news is that the portion of the ctc in 2024 that is refundable, meaning you could get excess credit back as a refund, goes from 2023’s $1,600 to. Form 1040, schedule 1, part ii.