RayW7
Expert Alumni

Get your taxes done using TurboTax

It is possible that you received one or more refundable credits-

 

Refundable tax credits, are treated as payments of tax you made during the year. When the total of these credits is greater than the tax you owe, the IRS sends you a tax refund for the difference.

Your tax return form will list all refundable tax credits, such as the Earned Income Credit, in the same section you report your tax payments.

 

Some common types of refundable tax credits are:

Earned Income Tax Credit

Child Care Credit

American Opportunity Tax Credit