Screen GACr-3 - Georgia Credits Low Income and Schedule 2 (1040)

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Overview

Use this screen to complete the Low Income credit and all Schedule 2 and Schedule 2B credits.

Low Income Credit

Use this section to complete the Low Income Tax Credit Worksheet.

Schedule 2 Nonrefundable Tax Credits

Use this section to complete Schedule 2. The Non-Carryover Credit Usage Worksheet calculates credit usage and expiration, with carryover amounts proforma'd.
Credit usage/carryover (Enter business name and EIN or T/S in first column)
Each credit needs to have a separate line item for each year that the credit was originally claimed, and also needs to have either a T/S code for the taxpayer or a Taxpayer/Business Name and EIN entered.

Schedule 2B Refundable Tax Credits

Use this section to complete Schedule 2B.
Credit usage/carryover (Enter business name and EIN or T/S in first column)
Each credit needs to have a separate line item for each year that the credit was originally claimed, and also needs to have either a T/S code for the taxpayer or a Taxpayer/Business Name and EIN entered. The credit amount is refundable if it exceeds the tax liability. If the taxpayer prefers to carry over any portion of the credit, enter it in the carryover column.

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