[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-8063":3},{"rec_id":4,"title":5,"text":6},"8063","What is a nonrefundable credit?","A nonrefundable credit is a credit that will only reduce your tax. This reduction in tax can only take your tax down to zero, so if your credit is more than the amount of your tax liability, you will not get the excess amount in your refund.\r\n\u003Cbr>\u003Cbr>\r\n\u003Cb>For example:\u003C/b> If your tax calculation comes out to $1,500 and you have a nonrefundable credit of $2,000, your tax liability would be reduced to zero. The extra $500 of nonrefundable credit would not be refunded to you.",1777391473974]