# Enrolled Agent Exam [Part 2] 73, General Business Credit Limitation — §38

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-73-general-business-credit-limitation-38
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-73-general-business-credit-limitation-38.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-07-09T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/23e94d84-c0ce-40a2-b20f-8e438872a2f3.mp3
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Duration seconds: 231

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The General Business Credit (GBC) is an aggregation of over 30 individual business credits, with one overall limitation. - The GBC limitation is calculated as net income tax minus the greater of the Tentative Minimum Tax (TMT) or 25% of regular tax liability over $25,000. - A common exam trap is forgetting to compare the 25% calculation with the TMT; you must use the larger of the two amounts to reduce the credit. - Unused General Business Credits are generally carried back one year and then carried forward for up to twenty years. - If regular tax liability is below $25,000, the 25% portion of the limitation calculation is treated as zero. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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