1068702
You'll need to sign in or create an account to connect with an expert.
A non-refundable credit would be a credit that you do not qualify for if you have no income tax to absorb the credit. The following are examples of non-refundable credits:
- Adoption credit
- Child Tax credit
- Foreign tax credit
- Mortgage interest tax credit
- Lifetime Learning Credit
As an example, if your income tax was $1,000 and your child tax credit was $2,000, only $1,000 of the credit would be allowed, the other $1,000 would be non-refundable.
You would look on schedule 3 of form 1040 to see your nonrefundable credits.
Need help
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
vanessalbyates
New Member
fc16183558dd
New Member
user17525466329
New Member
rissaa0510
New Member
user17520162976
New Member