Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms

Select a letter below or enter a term or keyword.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Nonrefundable credits

Nonrefundable credits are allowed as an offset against tax liability. Since no payment has been made to the government, the taxpayer cannot receive a refund if the credit exceeds the tax liability.