Skip to main content
  • Experts
  • Events
  • Briefing Book
  • Resources
  • About
  • Contact
  • Support
  • Fiscal Facts
Twitter
Facebook
Logo Site
  • Topics
    • Individual Taxes
    • Business Taxes
    • Federal Budget and Economy
    • State and Local Issues
    • Campaigns, Proposals, and Reforms
  • TaxVox Blog
  • Research & Commentary
  • Laws & Proposals
  • Model Estimates
  • Statistics
  • Features

You are here

  1. Home
  2. Topics
  3. Individual Taxes

Tax credits (individual)

RSS

Primary tasks

  • View(active tab)
  • From TaxVox
  • Research
  • Model Estimates
  • Statistics
From TaxVox

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

From TaxVox

Unemployment Benefits Are Taxable Income: That May Reduce EITC Refunds Next Spring

From TaxVox

Senator Kamala Harris Proposed A Bold Tax Credit To Help Low- And Middle-Income Workers

Featured Expert

Roberton C. Williams

Urban Institute Associate
Toppling Off the Fiscal Cliff: Whose Taxes Rise and How Much?
Curbing Tax Expenditures
Why Some Tax Units Pay No Income Tax
TPC Marriage Calculator

Getting married?

Find out how that will affect your taxes.
Tax calculator

From the Briefing Book

What is the difference between refundable and nonrefundable credits?

December 21, 2015 by tpcwebsite

Q.

What is the difference between refundable and nonrefundable tax credits?

A.

Taxpayers subtract both refundable and nonrefundable credits from the taxes they owe. If a refundable credit exceeds the amount of taxes owed, the difference is paid as a refund. If a nonrefundable credit exceeds the amount of taxes owed, the excess is lost.

  • Read more about What is the difference between refundable and nonrefundable credits?

What are error rates for refundable credits and what causes them?

December 21, 2015 by tpcwebsite

Q.

What are error rates for refundable credits and what causes them?

A.

The IRS estimates two types of error rates for the earned income tax credit (EITC): the improper payment rate and the over-claim rate. The former includes IRS enforcement activities while the latter does not. The IRS has estimated an EITC improper payment rate of between 22 and 26 percent of EITC payments and an over-claim rate of between 29 and 39 percent of dollars claimed.

  • Read more about What are error rates for refundable credits and what causes them?

How does the tax system subsidize child care expenses?

December 21, 2015 by tpcwebsite

Q.

How does the tax system subsidize child care expenses?

A.

Working parents are eligible for two tax benefits to offset child care costs: the child and dependent care tax credit and the exclusion for employer-provided child care.

  • Read more about How does the tax system subsidize child care expenses?

Read All >>

Stay on top of tax policy.

Subscribe to our newsletters today.
Newsletters
  • Donate Today
  • Topics
  • TaxVox Blog
  • Research & Commentary
  • Laws & Proposals
  • Model Estimates
  • Statistics
  • Privacy Policy
  • Newsletters
Twitter
Facebook
  • © Urban Institute, Brookings Institution, and individual authors, 2020.