refundable credit
Business› Finance› Personal Finance
Income Tax
When the amount of a credit is greater than the tax owed, taxpayers can receive a "refund" for some of the unused credit.
- — Understanding Taxes Student Glossary retrieved 2014-05-16
Business› Finance› Personal Finance
When the amount of a credit is greater than the tax owed, taxpayers can receive a "refund" for some of the unused credit.