The earned income tax credit and additional child tax credit are "refundable," meaning filers can claim a refund without tax ...
Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...
Note that the calculator should be used for estimation purposes only and does not implicitly mean you will get the credit. 2024 Earned Income Tax Credit Qualifications Children or Relatives ...
Some tax credits are refundable, meaning you can be paid for the value of the credit even if it exceeds your tax liability. Most credits have very specific eligibility requirements and may target ...