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10 July, 10:48

A tax credit is subtracted from

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  1. 10 July, 13:54
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    tax liability

    Step-by-step explanation:

    Tax Credits are subtracted immediately from a person's tax liability; they consequently decrease taxes greenback for dollar. Credits have the identical value for each person who can claim their full value. Most tax credit are nonrefundable; that is, they can't decrease a filer's tax liability beneath zero.
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