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Can credits be used in aggregate to offset 100% of the tax?

April 26, 2017aggregate Credits offset tax Used

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Can credits be used in aggregate to offset 100% of the tax?

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• Yes. A taxpayer may apply the 50% limitation of one credit and the 50% limitation of another credit to offset up to 100% of the income tax liability. Please note, however, that some credits have certain requirements when used in this manner and may not allow for 100% offset of liability (i.e. research and rapid growth credits).