Sometimes, tax credits reduce your tax owed to a negative amount. In some cases, if a tax credit is refundable, some or all of the credit is sent to the taxpayer as a tax refund. Non-refundable tax ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...
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