Refundable tax credits are payments from the IRS. If you don’t owe any tax, the whole amount will come to you as a refund. If you do owe some tax, the credits will pay down whatever you owe, and then you’ll get any leftover credits.
Read MoreRefundable tax credits are payments from the IRS. If you don’t owe any tax, the whole amount will come to you as a refund. If you do owe some tax, the credits will pay down whatever you owe, and then you’ll get any leftover credits.
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