Originally Posted by 53x12
I didn't realize you could roll over the state tax credit. Good to know.
For someone like me, the $7500 federal/state tax credits doesn't do much for me since I get a refund of about $5-6k each year. I know for some that tax credit would be nice.
You get a refund because you've paid tax all year out of your paycheck and you've paid more than you owe. With a tax credit you would owe less so you would probably get a bigger refund. It benefits anyone who earns taxable income.