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| Name | Refundable v. Non-refundable tax credits: What's the difference? |
| Video Uploader | Video From The Tax Geek |
| Upload Date | This Video Uploaded At 25-03-2022 08:43:31 |
| Video Discription | For many taxpayers, there is confusion between non-refundable tax credits, which only work to reduce tax liability, and refundable credits, which are refunded to you if they exceed your tax liability. This video attempts to clear up some of that confusion. For more information on the tax credits mentioned in this video, click the links below: Lifetime Learning Credit: https://youtu.be/uwsHKeNy_ZU American Opportunity Credit: https://youtu.be/MCXmPbkgDdI Retirement Savings Contributions Credit: https://youtu.be/pFiH8y8ytZQ Earned Income Credit: https://youtu.be/pEV7XuwCPNc and https://youtu.be/-lGLaOG8Pvs Child Tax Credit and Credit for other Dependents: https://youtu.be/kzUJ2S2U7CQ Premium Tax Credit: https://youtu.be/EH8WFF9GGI0 Child and Dependent Care Credit: https://youtu.be/wSQoBAUCxu8 Additional Information and Resources: IRS Publication 17: "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf IRS Schedule 3: "Additional Credits and Payments": https://www.irs.gov/pub/irs-pdf/f1040s3.pdf Policygenius: "Refundable Tax Credits vs. Nonrefundable Tax Credits": https://www.policygenius.com/taxes/refundable-tax-credits-vs-nonrefundable-tax-credits/ The image of "Sally" was generated by thispersondoesnotexist.com and any resemblance between her image and any person, living or dead, is coincidental and not intended. Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional. The information in this video is current as of date of publication, and is subject to changes |
| Category | Education |
| Tags | Federal Income Taxes | Tax Credits | Nonrefundable tax credit | refundable tax credit | Lifetime Learning Credit | American Opportunity Credit | Savers Credit | Retirement Savings Contributions Credit | Premium Tax Credit | Child Tax Credit | Child and Dependent Care Credit |
