David Bishop (FMR President of Sony & MGM) talks about The Art Of Leadership on The Bennie Randall Show
David Bishop is compassionately committed to turning executives into effective leaders. With nearly four decades of experience training emerging and experienced business people, David has developed unique neuroscience-based methodologies that are proven to turn obstacles into opportunities and foster success to a variety of businesses.
Whether coaching executives or implementing media strategies within an organization, David equips his clients with techniques for the current and future confluence of markets, technology and business systems. Whatever the commercial climate, David guides his clients with confidence, intention, and ease, attributable to his own meditation practice, which he’s been doing for over 40 years.
From the business field to the playing field, whether coaching executives or little league, David is all about instilling the importance of teamwork, establishing life lessons and rewarding individual accomplishments within group successes.
With a keen eye, sharp mind and deep intuition, David brings integrity to organizational decision-making and strategy, and, above all, limitless innovation, always bearing in mind one of his favorite presidential quotes: “Leadership and learning are indispensable to each other,” – John F. Kennedy
Paving the Path By Disrupting the Media IndustryDavid is recognized as a prolific powerhouse for consumer product launches and as a go-to digital media figurehead. With an impressive track record of leading corporations to exponential revenue growth, David has served as President to both Sony Pictures Home Entertainment and MGM Home Entertainment.
During his tenure at Sony, David used his savvy and skills to successfully take the industry lead in the launch and marketing of both Blu Ray and digital distribution market platforms, contributing to over $20 billion in gross revenues for Sony Pictures, even during the recession and the decline of DVD markets. David and his team also earned several accolades for providing best customer service for Amazon and Walmart.
As President and Chief Operating Officer of MGM Home Entertainment, David anticipated and fortuitously led the industry in the DVD market revolution, increasing MGM Home Entertainment revenues from $300 Million to $1 Billion. With David at MGM Home Entertainment’s helm, MGM received numerous customer service awards from top-tier retailers, including Best Buy and Target. The entertainment industry took note and in 2002, David was inducted into Variety Magazine’s Hall of Fame.
From Executive Leader to Leading ExecutivesCombined, David’s diversified professional adventures, real-world practices and educational certifications are a unique blend of experience, intellect and heart. His impact on the media industry and American consumer buying habits, coupled with his leadership of game-changing product launches is a rare blend of tenacity and strategy. These varied experiences have helped him hone neuroscience-based methodologies that corporations and executives alike are implementing all over the country.
On the executive coaching side, David’s success is attributed to a management philosophy based on high-performance team building. Even during the occasional rough waters of economic downturns or changing consumer markets, David has maintained senior level executive teams that are motivated, passionate and service-oriented.
An Innovative Media StrategistOn the media strategy side David has deftly navigated the ever-changing business landscape. Once launching his own business, David began consulting as an advisor to IMAX and began working with numerous startups to launch new technologies. Along these lines, he is a Founding Board Member for Parrot Analytics, as well as a member of the National Association of Corporate Directors.
Within the financial community, David is often hired to help top-tier financial institutions understand the trends in the media business. As a result, he has helped numerous private equity firms vet and analyze investment opportunities with media-oriented companies.
A Coach Who Has Walked the WalkReturning back to the college campus, David received a graduate certificate in executive organizational coaching from Columbia University and is now working with the Dean of the Anneberg School at the University of Southern California (USC) to create a leadership development program called Third Space Thinking.
With a love of learning, David is schooled in 360-degree thinking, cultural competency, empathy and adaptability – skills that allow individuals and teams to be more effective. David is currently in the process of developing assessment tools and workshops that will be available all over the world.
David is also certified in two key assessment tools:
Limitless Impact From the Boardroom to the ClassroomMarried, with a son and daughter, David grew up on the east coast but now resides in sunny Southern California, splitting time between New York and Los Angeles. Never swaying far from the entertainment industry, his interests include movies and music. As a singer and guitar player in his own right, David occasionally performs live events with his band.
When he’s not rocking out, he’s being a rock of support for a variety of charitable and industry-related organizations. He is the founding Co-Chairman of Fast Forward To End Hunger, the Chairman of the Los Angeles Foodbank and has served on the boards of the End Hunger Network, Stanford University’s Positive Coaching Alliance and Graziadio School of Business & Management’s mentoring program at Pepperdine University.
His charitable work has garnered several accolades, including receiving the esteemed Keystone Award from Los Angeles Team Mentoring in 2011.
Marrying his professional experience with his vivacious leadership skills, he is a sought-after speaker and has been a guest lecturer and keynoter for the USC Marshall School of Business and St. Joseph’s University Haub School of Business.
Rounding out his industry experience, David has also served as one of the founding partners and board members for the first internet video-on-demand service, Movielink, and was a former Chairman of the Manufacturing Committee for Video Software Dealers Association. He was also the first President and long time Vice Chairman for the Digital Entertainment Group.
Ready to start shaking things up and use David’s skills and savvy to broaden your business and make it thrive?
Alena Analeigh - 13 years old and accepted to medical school talks about her journey on The Bennie Randall Show
Alena Analeigh Wicker is just 13 and she was recently accepted into the University of Alabama's Heersink School of Medicine for 2024. According to The Washington Post, she was accepted as part of the school's Early Assurance Program, which partners with HBCU schools in Alabama to offer students early acceptance as they plan to enter medical school.
Shortly after getting the acceptance letter, she opened up on Instagram about the exciting news.
"I graduated High school LAST YEAR at 12 years old and here I am one year later I've been accepted into Med School at 13. I'm a junior in college," she wrote. "Statistics would have said I never would have made it. A little black girl adopted from Fontana California."
"I've worked so hard to reach my goals and live my dreams," she added, going on to credit her mother, Daphne McQuarter, for all her support.
RELATED: 13-Year-Old Boy Is Set to Start Graduate School This Fall — But He Still Feels Like a 'Regular' Kid
"Mama I made it," Alena wrote. "I couldn't have done it without you. You gave me every opportunity possible to be successful."
"You are the best mother a kid could ever ask for," the teen added. "You always believed in me.You allowed me space to grow and become, make mistakes without making me feel bad. You allowed me the opportunity to experience the world."
Of course, like any other kid her age, Alena enjoys going to the movies, baking, and spending time with her friends.
"I'm still a normal 13-year-old," she told The Washington Post.
RELATED: 19-Year-Old Texas Student Becomes Nation's Youngest Black Law School Graduate: 'It Feels Really Good'
The teen is currently a student in two undergraduate programs studying biological sciences at both Arizona State University and Oakwood University.
"I just have extremely good time management skills and I'm very disciplined," she told the Post.
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Alena isn't only focused on the classroom when it comes to her education. In 2021 she became the youngest intern ever at NASA. In an interview with The Baltimore Times, Alena said the dream started early for her.
"I was around three or four years old when I became fascinated with the stars and space and LEGOs," Alena said. "My mom began taking me to different astronomy nights and NASA Centers. I remember walking in saying 'I am going to work here one day, and I will be the youngest girl of color to work here.'"
She also told the outlet her ultimate goal is to become a flight surgeon and "work with astronauts."
Alena's impressive achievements don't even stop there. She also founded the Brown STEM Girl, an organization for girls of color who are interested in exploring careers in STEM -- and was a finalist for this year's TIME's Top Kid of the Year.
"What is age?" she told The Washington Post. "You're not too young to do anything. I feel like I have proven to myself that I can do anything that I put my heart and mind to."
Melinda F. Emerson, SmallBizLady, is America’s #1 Small Business Expert. She has been a thriving entrepreneur for nearly 20 years and is an internationally known keynote speaker and expert on small business development and social media marketing. She publishes a resource blog www.succeedasyourownboss.com. Her small business advice is widely read reaching more than 3 million entrepreneurs each week online. A pioneer in social media marketing, she is the creator and host of #Smallbizchat, the longest running live chat on Twitter for small business owners. Forbes magazine named her the #1 woman for entrepreneurs to follow on Twitter.
Melinda is a founder and president of Quintessence Group, an award-winning marketing consulting firm based in Philadelphia, PA, serving Fortune 500 brands who target small businesses. Notable clients include Visa, Sam’s Club, FedEx, American Express, ADP, Verizon Wireless, Pitney Bowes, Staples and The Hartford. She has lectured at numerous colleges and universities including; MIT, The University of Pennsylvania, Rosemont College, Chatham University, Point Park College, Temple University, Cheyney University, Delaware State, Howard University, and Morgan State University.
In addition to being a former columnist for The New York Times, and Entrepreneur, she is frequently quoted by other media organizations including The Wall Street Journal, Fortune, Fast Company, CNBC, MSNBC and Fox News. Forbes magazine named her one of Top 10 Tech and Business Experts for 2017. She is also a contributor to Inc., Essence and Black Enterprise. She is an expert on what it takes the start a successful small business, go-to-market strategy, and social media selling. She is the bestselling author of Become Your Own Boss in 12 Months, 2nd Edition and the ebook How To Become a Social Media Ninja, and her latest book Fix Your Business. She is a proud graduate of Virginia Tech, and mother to her amazing son JoJo.
The Bennie Randall Show
Written By: Cheslie Kryst on March. 4, 2021
Each time I say “I’m turning 30,” I cringe a little. Sometimes I can successfully mask this uncomfortable response with excitement; other times, my enthusiasm feels hollow, like bad acting. Society has never been kind to those growing old, especially women. (Occasional exceptions are made for some of the rich and a few of the famous.) When I was crowned Miss USA 2019 at 28 years old, I was the oldest woman in history to win the title, a designation even the sparkling $200,000 pearl and diamond Mikimoto crown could barely brighten for some diehard pageant fans who immediately began to petition for the age limit to be lowered.
A grinning, crinkly-eyed glance at my achievements thus far makes me giddy about laying the groundwork for more, but turning 30 feels like a cold reminder that I’m running out of time to matter in society’s eyes — and it’s infuriating.
After a year like 2020, you would think we’d learned that growing old is a treasure and maturity is a gift not everyone gets to enjoy. Far too many of us allow ourselves to be measured by a standard that some sternly refuse to challenge and others simply acquiesce to because fitting in and going with the flow is easier than rowing against the current. I fought this fight before and it’s the battle I’m currently fighting with 30.
How do I shake society’s unwavering norms when I’m facing the relentless tick of time? It’s the age-old question: What happens when “immovable” meets “unstoppable”?
To be fair, I didn’t spring from the womb, sword in hand, to fight the good fight and I am certainly not exempting myself from belonging to the go-with-the-flow crowd on occasion. I remember being enamored by “20 under 20” and “30 under 30” lists that tied achievement to youth and called it success — lists that are surely intended to recognize the rarity of accomplishing outstanding feats at a young age. But they had an unfortunate side effect on some young people, who felt encouraged to hoard accomplishments as fast as possible in order to measure up to our peers.
When I graduated from college and opted to continue my studies at Wake Forest University, I decided I’d earn a law degree and an MBA at the same time. (Why stop at two degrees when you can have three?) I joined a trial team at school and won a national championship. I competed in moot court; won essay competitions; and earned local, regional, and national executive board positions. I nearly worked myself to death, literally, until an eight-day stint in a local hospital sparked the development of a new perspective.
I discovered that the world’s most important question, especially when asked repeatedly and answered frankly, is: why? Why earn more achievements just to collect another win? Why pursue another plaque or medal or line item on my resume if it’s for vanity’s sake, rather than out of passion? Why work so hard to capture the dreams I’ve been taught by society to want when I continue to only find emptiness?
Too often, I noticed that the only people impressed by an accomplishment were those who wanted it for themselves. Meanwhile, I was rewarded with a lonely craving for the next award. Some would see this hunger and label it “competitiveness”; others might call it the unquenchable thirst of insecurity.
I was further along in the journey of learning this lesson when I won Miss USA. My term was not an exercise in the expected; instead, it felt filled with purpose. In fact, from the moment I won, my reign ignited a heightened desire to commit myself to passion, intent, and authenticity.
Pageant girls are supposed to be model-tall and slender, don bouffant hair, and have a killer walk. But my five-foot-six frame won with six-pack abs, earned after years of competing in Division I Track and Field, and a head of natural curls in a time when generations of Black women have been taught that being “too Black” would cost them wins in the boardroom and on pageant stages. My challenge of the status quo certainly caught the attention of the trolls, and I can’t tell you how many times I have deleted comments on my social media pages that had vomit emojis and insults telling me I wasn’t pretty enough to be Miss USA or that my muscular build was actually a “man body.”
And that was just my looks. My opinions, on the other hand, were enough to make a traditional pageant fan clutch their pearls.
Women who compete in pageants are supposed to have a middle-of-the-road opinion — if any — so as not to offend. I talked candidly about my views on the legalization of marijuana, the Trump Administration’s immigration policies, anti-abortion laws, the confirmation of Justice Amy Coney Barrett, and the successes and failures of criminal justice reform. I openly supported the resurgence of the Black Lives Matter movement and marched in protests over the summer. I wasn’t searching to collect more awards or recognition during my reign. Rather, I fed the passion that made waking up each morning feel worthwhile: speaking out against injustice.
My 29th birthday felt very emblematic of the season I’m looking forward to entering. In a time when extravagant birthday bashes are the gold standard of celebrations, I was happily stuck in my apartment, parading around in a black silk top, matching shorts, and a floor-length robe while scarfing down banana pudding and screening birthday calls. I even wore my crown around the apartment for most of the day knowing I’d have to give it back at the end of my reign as Miss USA. I did what I wanted rather than the expected.
Now, I now enter year 30 searching for joy and purpose on my own terms — and that feels like my own sweet victory.
By Brent Underwood
I would like to tell you about the biggest lie in book publishing. It appears in the biographies and social media profiles of almost every working “author” today. It’s the word “best seller.”
This isn’t about how The New York Times list is biased (though it is). This isn’t about how authors buy their way onto various national best-seller lists by buying their own books in bulk (though they do). No, this is about the far more insidious title of “Amazon Bestseller”—and how it’s complete and utter nonsense.
Here’s what happened in the book industry over the last few years: As Amazon has become the big dog in the book world, the “Amazon Bestseller” status has come to be synonymous with being an actual bestseller. This is not true, and I can prove it.
Last week, I put up a fake book on Amazon. I took a photo of my foot, uploaded to Amazon, and in a matter of hours, had achieved “No. 1 Best Seller” status, complete with the orange banner and everything.
How many copies did I need to sell be able to call up my mother and celebrate my newfound authorial achievements? Three. Yes, a total of three copies to become a best-selling author. And I bought two of those copies myself!
The reason people aspire to call themselves “bestselling author” is because it dramatically increases your credibility and “personal brand.” It can establish you as a thought leader. You’re able to show that you not only wrote a book, but that the market has judged it to be better than other books out there. It’s a status symbol, one of that cashes in on the prestige of one of man’s oldest past-times. At last, I had acquired this coveted title for myself.
I’m a partner at a marketing company called Brass Check. Over the years, we’ve helped launch 30 legitimate New York Times best sellers (including several at the sought-after No. 1 spot). My company has helped sell over 5 million books and advised or managed book launches with every major publishing house, including Amazon.
We have important rules at my company about the projects we take on. We don’t work with authors whose books we wouldn’t read ourselves, and we don’t guarantee best-seller status. We say no to more work than we say yes to, but these principles help us avoid the gimmicky, one-hit-wonders who aren’t looking to write great books but instead are looking to trick people into thinking they have.
But it’s begun to feel a bit like a losing battle. Because those authors are everywhere these days. The title of my fake book was “Putting My Foot Down” for a reason: I’ve become utterly exhausted with phony “authors” and the scam artists and charlatans who conspire with these folks–the cottage industry that has built up around them, selling courses, instructions and hacks. A quick Google search returns dozens of “bestselling books,” courses, packages, schools, secrets, summits, and webinars teaching you how to become a “bestselling author”. Hell, this guy even promises to show you how to be a bestselling author “Even if You Have No Book Ideas, Writing Skills, or Any Clue Where To Start” in a “5 Phase Formula.”
Heart Centered Media will give you “Guaranteed Bestseller Status” for just “3 payments of $1,333,” although they let you know “Book Sales are NOT Guaranteed.” Denise Cassino promises that with her services, “You’ll forever after be a ‘Bestselling Author!’ a tag that will open doors otherwise closed to you”…for just $3250. Jesse Krieger over at “Bestseller Campaign Blueprint” encourages you to “Imagine looking on Amazon and seeing…Your Book on the Best-Seller Lists Next to Your Author Heroes” and lets you know he can deliver that dream for just $997. Peggy McColl has “Launched Perhaps MORE Bestsellers Than ANY Other” and will teach you how for only $2,497.
It used to be a real mark of distinction to hit the best-seller lists–because there were fewer lists and fewer authors (and before ebooks, pricing across books was pretty universal as well). The New York Times list has been the most prestigious, published in one form or another since 1931. By 1942, a national list made its debut, compiled according to “reports from leading booksellers in 22 cities.” By the mid-2000s, over 4,000 bookstores were polled each week to determine who deserved to be on the list. The Wall Street Journal list, which has been around since 2009, is based on Nielsen Bookscan and tends to focus on a smaller number of categories. The USA Today list is also a prestigious but more of a catch-all list.
Any industry person can tell you these lists have their problems. There’s a barely concealed editorial bias. Bookscan, the database that tabulates book sales, inexplicably doesn’t include Amazon’s ebook sales. There’s even the possibility of manipulation, as outlined in a 2013 Wall Street Journal article called “The Mystery of the Book Sales Spike.” Still, they remain relatively hard to crack. In most cases, your book not only has to be good enough for a legitimate publisher to publish it, but you have to outsell all the other books out there, past and present, even if you’re paying for it out of your pocket. We’ve had clients sell close to 10,000 copies in a single week and miss landing on these charts.
Because of the high bar, the term “bestselling author” was a term with some meaning. It was seen as something that was earned through a lot of hard work. But today, that designation has changed—for the worse. It’s like when you see a food described as “natural.” The FDA doesn’t actually regulate that term, so it’s basically meaningless.
It’s about time that readers—and the media, which breathlessly repeats the best-selling claims of these authors—wised up. So let me show you exactly how I became a became a #1 Amazon bestseller for $2 and a photo of my foot in less than five minutes (with screenshots and proof). Hopefully, as my partner Ryan has put it, once you understand how the sausage is made, you won’t want to eat it any more.
Step 1: Writing my book (~2 seconds)I didn’t feel like writing a book so I instead just took a photo of my foot. I called the book “Putting My Foot Down” and included one page with, you guessed it, a photo of my foot.
Verifying rights and choosing categoriesAmazon has their own “bestseller” rankings for books, based upon categories. If you’re in the Top 100 in your Amazon category, you will see a “bestseller ranking” below the title. A book at the #1 spot in any given category will get a “#1 Best Seller” banner featured next to the title. This lets potential customers know the book is the top-selling item in that category. If a book holds the top spot in a category for months, that’s saying something. Hitting it for an hour (which is how often Amazon refreshes its rankings), screen-shotting it, and calling yourself a “bestselling author” for life? Well…
A few more things to know, in case you want to try this at home:
Designing my coverAmazon features a handy “Cover Creator” that will lay text over any image and create your cover in a matter of seconds. I chose my foot for the image.
Waiting for approval from AmazonThe waiting is the worst part of the process. What if Amazon rejected my foot?
Amazon page is liveJust a few short hours later, another book is added to Amazon’s extraordinary catalog. One small step for me…one giant leap for the digital world.
Step 3: Asking 3 friends to buy the book (~1 minute)Aaron always has my back, no questions asked:
The time invested in this promotion could have been even shorter if Nick had not asked so many nettlesome questions.
Step 4: Sell some copiesBurst onto the scene with three copies sold in the first few hours. Look at that hockey stick growth!
Step 5: WE MADE IT! #1
Success! Just a reminder to the kids that if you work hard, own an iPhone with a working camera, and have no shame, you too can be a #1 best-selling author. What a thrill to see that #1 Bestseller banner! Time to put Drake on repeat and update my LinkedIn profile to include #1 Best Selling Author.
Not just one list either. The book was so popular it also hit #2 and #3 in the “Freemasonry” category.
Leading the pack. Sorry Monika and Ken
Amazon is the largest book retailer in the world. They carry over 33 MILLION titles and ship them pretty much anywhere in the world. At the same time Amazon also allows authors to publish titles directly onto the platform, without the approval of traditional publishers, editors, or, as my foot book proves, really any barriers at all. In 2014, a new book was added to Amazon every five minutes.
Gone are the days of having to be selected to put out a book. Gone are the days of having to go to a bookstore to see what is available. Now you can check online, with real time reviews, AND, real time “bestseller” rankings. It’s unsurprising that as the barriers to entry for the book business went down, so did the quality of the books being produced. These days, over one million books are published each year, with at least half of these self-published. So it’s almost obvious that, given the volume, you could game your way to the top of a category with very few sales. And yet, in spite of the fact that it’s as easy as I’ve shown to become an Amazon best-seller, those same people get to cash in on the goodwill and prestige build up in the title “bestselling author.”
I didn’t write this to make my foot famous. I wrote this post because I’m tired of vanity titles and success without quality. I also wanted to show how simple it is to call yourself a best-selling author, in the hopes that people buying books become more discerning customers. Remember, if I can make my foot a “bestselling author” for under 3 dollars and a few minutes of work, you should take any person presenting themselves as such with a grain of salt.
For the authors: I hope my story illustrates that the best marketing tactic you can use for a book is to write a great book that actually sells over the long term. It’s easy to be seduced by best-seller lists, sales numbers, speaking fees, and all the ephemera in this industry. Don’t let all of that make you lose sight of the importance of quality and authority in your work. Anyone can be a one-hit wonder; focus on crafting a book that will sell for decades.
As for me and my foot, I’m awaiting a movie studio’s call for the film rights and plugging away on the sequel. The working title is “Put the Right Foot Forward.” New York Times list, here we come.
Author’s update: I’ve written a revised and expanded version of Putting my Foot Down, which you can find here.
Brent Underwood is the No. 1 best-selling author of “Putting My Foot Down“ and a partner at Brass Check.
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The Most Recent Wave of Book Bans Includes More Black Authors Than Ever. Critical race theory books being banned by Black Authors.
The war on critical race theory includes a new crop of Black authored books being mislabeled as such.
On January 6, 2022, NBC news addressed the recurring and controversial conversation about books by Black authors being banned in schools all around the U.S. Ironically, this story resurfaced on the anniversary of the coup that transpired a year prior. The most obvious connection between the insurrection and banned book lists is that white supremacy is insidious, omnipresent, and unrelenting.
Almost six months ago, illustrator and renowned Black children’s author Jerry Craft received a message stating that some of his Young Adult literature books were being removed from a school library in Katy, Texas. Craft, a Newbery Medal-winning author for his 2019 graphic novel “New Kid,” told NBCBLK that he was “caught off guard” and “felt bad for the kids because I know how much they love ‘New Kid’ and ‘Class Act.’ I know what my school visits do… I felt bad if there was going to be some kids that would not be able to take advantage of that.”
In October, the Katy Independent School District were in headlines for temporarily removing two of Craft’s books that discusses how Black boys experience racism in schools, subsequently postponing his virtual visit. More than 400 parents from Katy signed a petition, which has been removed, asserting that Craft’s visit needed to be canceled. This is not the first time Katy, Texas has been in the news for attempting to suppress the public’s access to books that engage the topic of racism.
Although the Texas school district added Craft’s books back to the shelves and rescheduled his visit, this kind of suppression and antagonism is not particular to Craft’s books. There are countless Black authors whose works are banned from school libraries because they are incorrectly described as texts that teach about critical race theory. To be clear, most of the books do not teach students about critical race theory; these books are by Black people and people of color, all presumed to be suspect because of those racialized categories, not because of their books’ content.
Source: The Root
While 2021 began with a third stimulus check for millions of Americans, there hasn't been any since then, and while it doesn't seem like 2022 will start with any direct payments from Uncle Sam, that doesn't mean you can't get money from the government - in fact, many can receive up to $8,000, but you have to ask for it.
It's called the Child and Dependent Care Tax Credit and it stems from the same relief package as the third stimulus check - the American Rescue Plan. According to the IRS, "The Child and Dependent Care Tax Credit is a credit allowed for a percentage of work-related expenses that a taxpayer incurs for the care of qualifying persons to enable the taxpayer to work or look for work."
What it does is help parents and/or caretakers struggling financially during the pandemic by assisting them with costs related to parenting or caretaking. For every family with an income of $125,000 or less, the credit will cover 50% of qualifying expenses up to $8,000 associated with the care of a child under 13 or a spouse, parent or other dependent who is unable to care for themselves. If a family is caring for two or more eligible dependents, they could get up to 50% of $16,000 in expenses. For families earning between $125,000 and $183,000, it will cover up to 20%.
However, to get it, a form must be filled out. It is IRS Form 2441 and it needs to be submitted when you file your federal income tax return. The money will come in the form of a tax credit, which is far better than a tax deduction since a credit is dollar for dollar, so one for $8,000 will reduce your tax bill by $8,000, as opposed to a deduction, where an $8,000 deduction might only reduce your bill by $1,000. Also, the IRS notes, "For 2021, the credit is refundable for eligible taxpayers. This means that even if your credit exceeds the amount of Federal income tax that you owe, you can still claim the full amount of your credit, and the amount of the credit in excess of your tax liability can be refunded to you."
Learn more about the credit here.
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Source: Iheart News