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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 18: Determination of Tax
  5. Question
    Nonrefundable Tax Credits Are Allowed to Reduce or Totally Eliminate
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Nonrefundable Tax Credits Are Allowed to Reduce or Totally Eliminate

Question 79

Question 79

True/False

Nonrefundable tax credits are allowed to reduce or totally eliminate a taxpayer's tax liability but any credits in excess of the tax liability are lost.

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