Maryland CASH (Creating Assets, Savings and Hope) Campaign 

Facebook Twitter E-mail
Home Glossary Term Tax Credit

Tax Credit

There are two types of tax credits. Non-refundable tax credits reduce an individual’s tax liability to the government within a given year. Refundable tax credits put money back in an individual’s pocket if the eligible credits reduce taxes owed to less than zero. The EITC is a refundable tax credit.