KrisD15
Expert Alumni

After you file

@KMDE

 

Yes, just as VolvoGirl says, look at the numbers. 

 

Sometimes the "REFUND" lowers your tax due.

So let's say you would have owed 2,500, but you get 3,500 in credits, again lets say 1,500 for the remaining amount of your Child Tax Credit and 2,000 for the EIC, so 3,500 total in credits.

 

You get the credits, but since you still owed 2,500, the IRS takes your "refund" and applies it to the tax you owe. So in the example, you receive 1,000 as a final refunded payment. 

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