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What 2020 Tax Credit Do I Qualify For?
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Close up of a senior couple dealing with their home finances
Tax season is around the corner, and if you want to reduce how much you pay the government, you need to understand which tax credits you can claim.
With certain credits, some people will actually get rebates on their taxes, says Elijah Kovar, partner and finance advisor with Minneapolis-based wealth management firm Great Waters Financial. Known as refundable credits, they will result in a refund if the amount of the credit exceeds the amount of taxes owed. Nonrefundable credits can wipe out a taxpayer s bill, but won t result in a tax refund. ....

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