What Is a Tax Credit?

There are two types of tax credits:

• A nonrefundable tax credit means you get a refund only up to the amount you owe.
• A refundable tax credit means you get a refund, even if it’s more than what you owe.

Visit the IRS website at https://www.irs.gov/credits-deductions-for-individuals for detailed tax credit information for individuals and businesses.

Make an appointment with our experts for specific information related to you and your business, and let us help you maximize your tax credits.