Which of the following is a refundable tax credit?

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All of these tax credits are refundable. The Earned Income Tax Credit is designed to benefit low- to moderate-income working individuals and families. The Child Tax Credit provides financial support for taxpayers with qualifying children. The American Opportunity Tax Credit is aimed at helping to cover education expenses for students in their first four years of higher education. Each of these credits can result in a refund if the amount of the credit exceeds the amount of tax owed.

Which of the Following Is a Refundable Tax Credit