Which one of the following is not an example of a refundable credit?
A)The credit for federal income tax withheld on salary
B)Earned income credit
C)Credit for the elderly, or permanently and totally disabled
D)Quarterly estimated tax payments
E)Credit for Federal tax on gasoline and special fuels

Question

Quizplus · Accepted Answer

The credit for the elderly, or permanently and totally disabled is a nonrefundable credit, meaning it can reduce tax liability to zero but cannot result in a refund.

Which One of the Following Is Not an Example of a Refundable