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Last Updated: 10/26/2017

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Individual Income Tax

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Individual Income Tax > Tax Information > Credits

  • What is the difference between refundable and nonrefundable credits?Back to top

    A refundable credit can give you a refund for any part of the credit that is more than your total tax. A nonrefundable credit can reduce your tax, but any excess is not refunded to you.‚Äč