For 2017 you have already paid those taxes.
- So what happens here is that the non-refundable amount of the credit ($1,500)
- Frees up money that you have already paid in. (as long as you had a tax bill of at least $1,500)
- This money gets refunded to you along with the $1,000 refundable credit.
- Please note that if your original tax bill was only $600 you would now be getting that $600 plus the $1,000 refundable credit back.
Hope this clears it up a little.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
