🔴 WHAT IS A TAX CREDIT? | REFUNDABLE & NON REFUNDABLE TAX CREDITS EXPLAINED BY A CPA

✅ SUBSCRIBE u0026 RING THE BELL for new videos every day! ðŸ"´ Follow my VLOGS here: https://www.youtube.com/channel/UCqbOWG3guHo_LZVRyLb46kA 🎁 SHOP MY DESIGNS HERE: https://www.youtube.com/channel/UCrbT82fJGrSRXkNaxE7aYPQ/store SUPPORT MY CHANNEL: https://ko-fi.com/chocolateandcoffeebreak BUSINESS RESOURCES*: ðŸ'°Start Your Business With INCFILE u0026 Receive 1 Year of Free Registered Agent Service*: https://shareasale.com/r.cfm?b=1739443u0026u=2891491u0026m=53954u0026urllink=u0026afftrack= ðŸ'°Earn $100 by signing up for THE BEST payroll provider for small business - GUSTO: https://gusto.com/r/olena157 ðŸ'°NO FEES, FREE Business Checking Account With NOVO BANK: https://banknovo.grsm.io/lenapetrova ðŸ'°NO SET UP u0026 NO MONTHLY FEES Free Online Small Business Payment Solution With MELIO: https://melio.grsm.io/lenapetrova ðŸ'°50% less expensive than DocuSign - BlueInk: https://blueink.grsm.io/lenapetrova ðŸ'° Secure your business and personal assets with the world’s top rated password manager - 1Password: https://1password.grsm.io/lenapetrova ðŸ'°Manage projects, book clients, send invoices and get paid â€" all on HoneyBook: https://referral.honeybook.com/lenapetrova INVESTING - GET FREE STOCKS u0026 CASH*: ðŸ'µ BITCOIN IRA: Open a FREE Bitcoin IRA account: https://www.kqzyfj.com/click-100516625-14327876 ðŸ'µ E*TRADE: My favorite brokerage E*TRADE: open a brokerage account u0026 receive a reward: https://refer.etrade.net/ualm39u ðŸ'µ WEBULL: Get 2 FREE Stocks by Joining WEBULL Trading: https://act.webull.com/te/tO58prtiPwMd/m43/inviteUs/main ðŸ'µ ROBINHOOD: Sign up with ROBINHOOD https://join.robinhood.com/olenap PERSONAL FINANCE RESOURCES*: 🍎 Life Insurance with Ladder: https://lddr.io/p/c/AAAQABfRFe8 EDUCATION: ðŸ"š Grammarly - The World"s Best Grammar Check: https://shareasale.com/r.cfm?b=864277u0026u=2891491u0026m=26748u0026urllink=u0026afftrack= IN THIS VIDEO: In today"s video we will talk about what tax credits are and how you can take advantage of them to lower your tax bill. We"ll focus on: 1. What is a tax credit? 2. How do tax credits work? 3. Refundable vs. nonrefundable credits. 4.Types of tax credits 5. Most popular tax credits (Child Tax Credit, Child and Dependent Tax Credit, Earned Income Tax Credit). 🎥 WATCH NEXT: ➡️ IRS Receipt Requirements: https://youtu.be/Oq4NH5moMPo ➡️ IRS Audit Red Flags: https://youtu.be/j0US8kkbWD0 ➡️ How Is Ordinary Income Taxed?: https://youtu.be/beaOWEus7T8 ➡️ Unrealized Gains Explained: https://youtu.be/9X8uzpdtgtI ➡️ Capital Gains Explained: https://youtu.be/YYROyZDuhlY ➡️ Top 7 Questions To Ask Your CPA: https://youtu.be/bA79n0m-CbA ➡️ Homeowner Tax Write Offs 2021: https://youtu.be/ttO-EBMR12w ➡️ Tax Credits vs. Tax Deductions: https://youtu.be/FjZDCgU3VnY ***************** ðŸ'‹ðŸ»SAY HI ON SOCIAL: Instagram - https://www.instagram.com/lenapetrovacpa Facebook - https://www.facebook.com/lenapetrovacpa Join my Discord - https://discord.gg/aDN4GmWXHc​ ***************** ðŸ"š THE BEST BOOKS ON PERSONAL FINANCE u0026 BUSINESS I"VE READ AND LOVE*: » Outliers: The Story of Success by Malcolm Gladwell - https://amzn.to/3h1p7Bp » Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://amzn.to/3AhP734 » Extreme Ownership: How U.S. Navy SEALs Lead and Win by Jocko Willink and Leif Babin - https://amzn.to/35Vokf1 » The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg - https://amzn.to/3h3xADS » The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell - https://amzn.to/3A3WmeK (*includes affiliate links) ***************** Disclaimers: The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.


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