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ANSWER THE FOLLOWING QUESTION BASED OFF THE IRS WEBSITE 1A. Explain 2 nonrefundable credits B.Explain 2 refundable credits C. What is the difference between a

ANSWER THE FOLLOWING QUESTION BASED OFF THE IRS WEBSITE

1A. Explain 2 nonrefundable credits

B.Explain 2 refundable credits

C. What is the difference between a non-refundable credit and a refundable credit? How are they reported on the 1040? (Hint: you will not get the points if you answer one is refundable and the other is not.

D. What is reported on a 1098-T

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