Refundable Credit

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Recapture of Depreciation Recovery Revenue Officer Recovery Property Refundable Credit Recovery of Cost Regulated Investment Company (Mutual Fund) Regular Method (Automobile Expenses) Return of Capital Distribution Royalty Interest Real Property Recharacterization Rollover Roth IRA Royalty Realized Gain or Loss Recapture Recognized Gain or Loss Recovery Period Refund Feature Regulations Reinvested Dividends Resident Alien Rental Income Right Repairs Repossession

Definition of Refundable Credit:

A credit that pays you the amount you qualify for even if it's more than your tax liability. If you have a refundable credit of $2,500, but you only owe $2,000 in taxes, the IRS will send you a refund of $500.

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Refundable Credit

Definition of Refundable Credit:

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