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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:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- 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.
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March 10, 2025
10:43 AM