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Is my total tax credit supposed to be higher than my federal refund?

 
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2 Replies
JohnB5677
Employee Tax Expert

Is my total tax credit supposed to be higher than my federal refund?

It is possible.

A Non-Refundable tax credit is capped at a taxpayer’s tax liability.

A Refundable credit will be for the full value of the credit regardless of what your tax liability is.


Examples of Refundable tax credits are:

  1. Earned income tax credit.
  2. Premium tax credit
  3. American opportunity tax credit
  4. Additional child tax credit

 

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Is my total tax credit supposed to be higher than my federal refund?

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https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

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