Is this statement true? I usually only pay about $2200 in taxes a year. Does this mean that I'm only going to get a $2200 tax credit from the government?There's confusion on this. It's your tax LIABILITY that counts. You may be "liable" for $6K in taxes, and have had $3K deducted from your checks. So you've already PAID $3K If the credit is $3K, you don't pay any more.
If you're "liable for" $2K, and have had it all deducted from your checks, you get only that $2K back. Uncle Sam will not take the other $1K from its funds and give it to you.
This doesn't seem right.