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A refundable tax credit is one that: moy result in the federal government giving money back in excess of taxes paid. always results in your

A refundable tax credit is one that:

moy result in the federal government giving money back in excess of taxes paid.

always results in your tax li

bility being eliminated.

may result in a negative effective tax rate.

may result in both the federal government giving money back in excess of taxes paid and a negative effective tax rate.

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