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ARIZONA FORM 301 Nonrefundable Individual Tax Credits and Recapture Fiscal Year Beginning MM for the Calendar Year , or D D Y Y

ARIZONA FORM 301 Nonrefundable Individual Tax Credits and Recapture Fiscal Year Beginning MM for the Calendar Year , or D D Y Y

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Instructions and help about ARIZONA FORM 301 Nonrefundable Individual Tax Credits And Recapture Fiscal Year Beginning MM For The Calendar Year , Or D D Y Y Y Y And Ending MM D D Y Y Y Y Taxhow

what's the difference between a refundable and a non-refundable tax credit a refundable tax credit is a dollar for dooll reduction of your tax bill if your tax bill is reduced to zero and you still have a remaining tax credit that excess credit will be refunded to you examples of a refundable tax credit include the earned income tax credit and the additional child tax credit on the other hand a non-refundable tax credit is still a dollar for dooll reduction of your tax bill but if your tax bill is reduced to zero and you have excess credit the excess credit will not be refunded to you an example would be the solar energy tax credit because the solar tax credit is non-refundable a lot of homeowners believe that they'll be getting 30% of the purchase of the solar panels back as a refund however this is not the case because it is not refundable

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