A way of providing a tax subsidy to an individual or business, even if no taxes are owed. (See tax credit.) If a person owes no tax, the government sends the person (or a third party) a check for the amount of the refundable tax credit.
A way of providing a tax subsidy to an individual or business, even if no taxes are owed. (See tax credit.) If a person owes no tax, the government sends the person (or a third party) a check for the amount of the refundable tax credit.