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Deductions & credits
Thanks! Very helpful! One more quick question - are these credits considered non-refundable? If I understand non-refundable vs refundable, then a non-refundable credit would mean that I can take it off if I owe taxes but if I'm already getting a refund, it won't increase the refund and I would have to save it for a future year when I might owe taxes. Is my understanding on that correct?
‎October 16, 2023
1:08 PM