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Deductions & credits
What I think you are missing is that the Saver's Credit is a "nonrefundable" credit. That means that the credit cannot reduce your tax to less than zero. It cannot produce a refund of more tax than what you had withheld.
It's Congress that made that decision, not the IRS. That's how the credit is defined in the tax law, and it absolutely was Congress's intention to structure the credit that way.
‎November 14, 2019
2:45 PM
1,004 Views