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Nonrefundable tax credits A) can be carried back two years and carried forward 15 years if they exceed tax liability in the current year. B)
Nonrefundable tax credits
A) can be carried back two years and carried forward 15 years if they exceed tax liability in the current year.
B) only offset a taxpayer's tax liability in the current year.
C) may only be used if the taxpayer is receiving a refund.
D) allow the excess over the taxpayer's tax liability to be paid to the taxpayer.
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