@NCperson So, if the below formula is true.
tax liability - tax withheld = tax owed or tax overpaid
Then, do the TT "Help" and "Learn More" sections still hold true?
Help: Note: Keep in mind, these are not refundable credits, which means you can take the credit up to the tax owed. There is no refund of any credit amount left over.
Learn More: This credit is nonrefundable, which means the credit amount you receive will not exceed the amount of tax you owe. Therefore, there is no refund.
Example: If you owed $375 in taxes, but you received a nonrefundable credit of $500, the tax you owed was reduced to zero, and the remaining $125 was lost. You would not receive a refund for the remaining $125.
