what are examples of refundable tax credits 
refundable tax credits are refunded to the taxpayer regardless of the taxpayer s liability these include the earned income tax credit eitc and the additional child tax credit actc 78the bottom linenonrefundable tax credits can reduce a taxpayer s bill to zero but no further if the taxpayer owes less in taxes than the nonrefundable credit is worth they don t get reimbursed for the unused credit the opposite is true of a refundable credit taxpayers entitled to both types of credits should apply their nonrefundable credits first only then should they figure in refundable credits that could yield a refund 