Tax Expert Noel Spencer: Tax Credit
| 30 Mar 2018 | 03:37
![Tax Expert Noel Spencer: Tax Credit Noel Spencer](http://www.thephoto-news.com/binrepository/323x432/0c0/0d0/none/1050949/DANQ/EXPERTS01_180339998_AR_-1_0_PN20180401180339998_MG2893531.jpg)
Noel Spencer
Subtract tax credits from the amount of tax you owe. There are two types of tax credits:
• A nonrefundable tax credit means you get a refund only up to the amount you owe.
• A refundable tax credit means you get a refund, even if it's more than what you owe
• Education credits
• Retirement Savings contributions credit
• Residential Energy Credits
• Other Credits (Form 3800)
• Earned Income Tax Credit
• Child and Dependent Care Credit
• Adoption Credit
• Child Tax Credit
• Credit for the Elderly or Disabled
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Noel Spencer 735 Broadway, Newburgh, NY 12550 845-220-2080 Ask Noel Spencer a Question www.spencersfinancial.com |