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bsimms2017
New Member

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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WillK
Level 9

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

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
WillK
Level 9

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

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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