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I am sure why you are asking me to upgrade. I did not have a business. Why should I file Schedule 3, Nonrefundable Credits? I am confused
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With the new tax law, comes new schedules and they can be confusing. Schedule 3 includes the following non-refundable tax credits:
- Foreign tax credit
- Child and dependent care credit
- The nonrefundable portion of the American Opportunity Credit
- Lifetime Learning Credit
- Retirement savings contributions credit ("Saver's Credit")
- Residential energy credit
- Other credit from Forms 3800 and 8801.
If you have any one of the above you will need Schedule 3.
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