A couple has one child and will qualify for a child tax credit of $2,000. They had $13,000 federal tax withheld during the year. What would their 2023 tax refund or balance due be?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 11BCRQ
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A couple has one child and will qualify for a child tax credit of $2,000. They
had $13,000 federal tax withheld during the year. What would their 2023 tax refund or balance due be?
Transcribed Image Text:A couple has one child and will qualify for a child tax credit of $2,000. They had $13,000 federal tax withheld during the year. What would their 2023 tax refund or balance due be?
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