How are refundable tax credits used to provide assistance to low and moderate income taxpayers? In your answer, be sure to differentiate between refundable and nonrefundable tax credits, how credits do not provide larger tax benefits to higher income taxpayers as deductions do, and examples of specific credits designed to provide greater benefit to taxpayers with relatively lower incomes.

How are refundable tax credits used to provide assistance to low and moderate income taxpayers? In your answer, be sure to differentiate between refundable and nonrefundable tax credits, how credits do not provide larger tax benefits to higher income taxpayers as deductions do, and examples of specific credits designed to provide greater benefit to taxpayers with relatively lower incomes