some or all of the credit is sent to the taxpayer as a tax refund. Non-refundable tax credits aren't issued as refunds. Both refundable and non-refundable credits can result in lower tax bills and ...

The benefits of your tax credit may be curbed by whether the credit you’re claiming is refundable or non-refundable. A refundable tax credit means you may be eligible for a tax refund.

lowering the amount of tax owed; non-refundable tax credits reduce tax liability only to the extent of taxes owed, and; refundable tax credits reduce tax liability and allow taxpayers to receive ...