Refundable v. Non-refundable tax credits: What's the difference?
10 هزار بار بازدید -
2 سال پیش
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For many taxpayers, there is
For many taxpayers, there is confusion between non-refundable tax credits, which only work to reduce tax liability, and refundable credits, which are refunded to you if they exceed your tax liability. This video attempts to clear up some of that confusion.
For more information on the tax credits mentioned in this video, click the links below:
Lifetime Learning Credit: Do you Qualify for a Lifetime Learnin...
American Opportunity Credit: The American Opportunity Credit (or t...
Retirement Savings Contributions Credit: Get a Double Tax Benefit for Retireme...
Earned Income Credit: What is the Earned Income Credit (and... and The Earned Income Credit for 2021 ret...
Child Tax Credit and Credit for other Dependents: Child Tax Credit and Credit for Other...
Premium Tax Credit: Affordable Care Act: Marketplace insu...
Child and Dependent Care Credit: The Child and Dependent Care Credit (...
Additional Information and Resources:
IRS Publication 17: "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf
IRS Schedule 3: "Additional Credits and Payments": https://www.irs.gov/pub/irs-pdf/f1040...
Policygenius: "Refundable Tax Credits vs. Nonrefundable Tax Credits": https://www.policygenius.com/taxes/re...
The image of "Sally" was generated by thispersondoesnotexist.com and any resemblance between her image and any person, living or dead, is coincidental and not intended.
Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library
Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library
DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.
The information in this video is current as of date of publication, and is subject to changes
For more information on the tax credits mentioned in this video, click the links below:
Lifetime Learning Credit: Do you Qualify for a Lifetime Learnin...
American Opportunity Credit: The American Opportunity Credit (or t...
Retirement Savings Contributions Credit: Get a Double Tax Benefit for Retireme...
Earned Income Credit: What is the Earned Income Credit (and... and The Earned Income Credit for 2021 ret...
Child Tax Credit and Credit for other Dependents: Child Tax Credit and Credit for Other...
Premium Tax Credit: Affordable Care Act: Marketplace insu...
Child and Dependent Care Credit: The Child and Dependent Care Credit (...
Additional Information and Resources:
IRS Publication 17: "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf
IRS Schedule 3: "Additional Credits and Payments": https://www.irs.gov/pub/irs-pdf/f1040...
Policygenius: "Refundable Tax Credits vs. Nonrefundable Tax Credits": https://www.policygenius.com/taxes/re...
The image of "Sally" was generated by thispersondoesnotexist.com and any resemblance between her image and any person, living or dead, is coincidental and not intended.
Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library
Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library
DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.
The information in this video is current as of date of publication, and is subject to changes
2 سال پیش
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