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Refundable tax credits: A) Offset tax due until income is zero, then any remainder can be carried forward. B) Are more valuable (provide greater tax
Refundable tax credits: A) Offset tax due until income is zero, then any remainder can be carried forward. B) Are more valuable (provide greater tax benefit) as the taxpayer's marginal tax rate rises. C) Are presumed to be correct unless the IRS proves otherwise.
D) Reduce taxable income dollar for dollar.
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