Refundable & Non-Refundable Tax Credits

1 year ago
15
tax credit tax credits refundable tax credits tax deductions EV tax credits tax credit example tax deduction example refundable tax credit vs nonrefundable tax credit child tax credit standard deduction

In this video we'll define what is a tax credit, will discuss tax credits versus tax deduction with examples. We'll also illustrate the difference between refundable and nonrefundable tax credits with examples.

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

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