Which of the following statements is incorrect? Nonrefundable credits are those that reduce the taxpayer's tax liability but are not paid when the amount of the credit (or credits) exceeds the taxpayer's tax liability The tax benefit received from a tax deduction is never affected by the tax rate of the taxpayer. The tax benefit received from a tax credit is never affected by the tax rate of the taxpayer. Refundable credits are paid to the taxpayer even if the amount of the credit (or credits) exceeds the taxpayer's tax liability