Asked by ejay
Which of the following California credits is refundable?
California Competes Credit.
Homeless Hiring Tax Credit.
Renter's Credit.
Young Child Tax Credit.
All Answers 1
Answered by
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Young Child Tax Credit.
The Young Child Tax Credit (YCTC) is refundable — if the credit exceeds your tax, you can receive the excess as a refund. The California Competes Credit, the Homeless Hiring Tax Credit, and the Renter's Credit are not refundable.
The Young Child Tax Credit (YCTC) is refundable — if the credit exceeds your tax, you can receive the excess as a refund. The California Competes Credit, the Homeless Hiring Tax Credit, and the Renter's Credit are not refundable.
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