Understanding Taxes - Activity 1: Refundable and Nonrefundable Tax Credits

Theme 2: Taxes in U.S. HistoryLesson 7: Tax Reform in the 1990s and 2000s

Activity 1: Refundable and Nonrefundable Tax Credits

Question/s

"Identify each credit as refundable or nonrefundable by choosing from the drop-down menu. To assess your answers, click the Check My Answers button at the bottom of the page."
~ Tina the Tax Tutor

Taxpayers can only reduce their tax to zero; they cannot receive a "refund" for any excess credit
Lifetime Learning education credit
American Opportunity education credit
Making Work Pay credit
First-Time Homebuyer credit
Child tax credit
Child and Dependent Care credit

"Hi, I'm Tina. - Lets get started!!" ~Tina the Tax Tutor

Question/s

"Hi, I'm Tina. - Lets get started!!"
~Tina the Tax Tutor