REG 2 - Module 3 Flashcards
1
Q
Nonrefundable tax credits
A
Child and dependent care credit Elderly and permanently disabled credit Education credits (Lifetime Learning credit and American Opportunity credit) Retirement savings contribution Foreign tax credit Adoption credit
2
Q
Refundable tax credits
A
Child tax credit Earned income credit Withholding taxes Excess Social Security paid American Opportunity credit (40% refundable)
