nonrefunable tax credit

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What is a Refundable Tax Credit Vs. a Nonrefundable Tax Credit?

Whenever you claim a credit on your federal income taxes, the IRS categorizes that credit as either a nonrefundable credit or a refundable tax credit. Most tax credits are nonrefundable, meaning you can’t get money back from Uncle Sam as a result of claiming a nonrefundable tax credit. Examples of nonrefundable credits include:

What is a Refundable Tax Credit Vs. a Nonrefundable Tax Credit? Read More »

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nonrefunable tax credit

What is a Refundable Tax Credit Vs. a Nonrefundable Tax Credit?

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