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Deductions & credits
You don't have to have a tax due. But you do need to have a tax on your taxable income. The credit can reduce your actual tax (1040 line 12b) but just down to zero. Then you will get back all the withholding taken out and any refundable credits you qualify for. So it may increase your refund.
‎October 25, 2020
7:31 PM
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