We're baffled about how the "credit" actually works. Say we've paid out $8,000 in 2008 so far (domestic), but haven't matched yet. We claim this credit on our taxes at the end of 2008. When it's refund time, how does this credit work? If we normally get a little money back (because our employers takes out our taxes and we have a house, and some deductions), how will this credit work for us? Do we get more of a refund back, or would it be a "wash" because we usually get $2,000 - $3,000 back?
Can anyone explain this?
