[Verse 1]
When you file your return each year in spring
There's credits that reduce the tax you bring
Non-refundable means they cut what's owed
But never give you cash to take back home
Basic personal amount for everyone
Eleven thousand plus to get you done
[Chorus]
Credits cut your tax but never pay you back
B-A-D-T-M-C that's the basic track
Basic personal, Age, Disability
Tuition, Medical, Charity
They reduce your burden line by line
But zero is the limit every time
[Verse 2]
Age credit starts at sixty-five years old
But income over forty thousand told
Will claw it back until it fades away
Disability credit here to stay
If you qualify with severe impairment
Mental physical both need requirement
[Chorus]
Credits cut your tax but never pay you back
B-A-D-T-M-C that's the basic track
Basic personal, Age, Disability
Tuition, Medical, Charity
They reduce your burden line by line
But zero is the limit every time
[Bridge]
Tuition fees and textbook costs
Medical bills when health is lost
Charitable gifts you donate
All reduce your tax rate
Transfer unused to spouse or parent
Make those credits more apparent
[Verse 3]
Medical expenses have a threshold floor
Three percent of income maybe more
Charitable donations fifteen percent
On first two hundred that you've sent
Then twenty-nine on higher amounts
Every dollar given really counts
[Chorus]
Credits cut your tax but never pay you back
B-A-D-T-M-C that's the basic track
Basic personal, Age, Disability
Tuition, Medical, Charity
They reduce your burden line by line
But zero is the limit every time
[Outro]
Non-refundable means what it says
Reduces tax but never pays
Know your credits know them well
CPA exam you're gonna excel