Refundable Credit

A direct, dollar-for-dollar reduction of one's tax liability in which one still receives a tax refund even if one's liability drops below zero. That is, if a taxpayer otherwise owes $2,000 to the government, but takes $3,000 in refundable credits, then the government owes $1,000 to the taxpayer. Relatively few tax credits are refundable; most are limited to the amount of one's tax liability. However, the earned income tax credit is a common example of a refundable credit.

Refundable Credit

A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability.

单词	refundable credit
释义	Refundable Credit Refundable Credit A direct, dollar-for-dollar reduction of one's tax liability in which one still receives a tax refund even if one's liability drops below zero. That is, if a taxpayer otherwise owes $2,000 to the government, but takes $3,000 in refundable credits, then the government owes $1,000 to the taxpayer. Relatively few tax credits are refundable; most are limited to the amount of one's tax liability. However, the earned income tax credit is a common example of a refundable credit. Refundable Credit A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability.
随便看	heliocentric place heliocentric system heliocentrism heliochrome heliochromic heliochromy heliocoprion heliodinidae heliodon heliodor heliodorus heliodorus of emesa heliogabalus heliogabalus (disambiguation) heliogabalus (god) heliogabalus the horrible heliogabolus heliogeophysics heliogram heliograms heliograph heliographed heliographer heliographic heliographical