Which one of the following is a refundable credit?
A)earned income credit
B)child and dependent care credit
C)lifetime learning credit
D)credit for the elderly and disabled

Question

Quizplus · Accepted Answer

The earned income credit is a refundable credit, meaning that if the credit exceeds the taxpayer's tax liability, the taxpayer can receive the excess as a refund. The other options are non-refundable credits, meaning they can only reduce the taxpayer's tax liability to zero, but any excess cannot be refunded.

Which One of the Following Is a Refundable Credit