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Understanding Non-Refundable Tax Credits and Their Impact on Tax Refunds
What exactly does non-refundable tax credit mean? If I owe $500 in taxes throughout the year and my employer withholds that amount, but I'm eligible for a $200 non-refundable tax credit when I file my taxes, will I receive a $200 refund at the time of filing, or is this credit non-refundable?
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‎April 20, 2023
3:32 PM