ThomasM125
Expert Alumni

Deductions & credits

By non-refundable, it means you can apply the credit to your tax liability, but not to the extent it is reduced below $0. For instance, your federal tax was $500, you could only apply $500 of the $7,500 credit to it, so the rest ($7,000) would not be paid to you.

 

You can look at your Form 1040, page two to see your federal tax and the credits against it on lines 19 and 27  - 31:

 

 

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done 

 

You need to be working in your state tax return to see the state tax summary.

 

 

@leed_0001 

 

 

 

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