1999 Tax Help Archives  

Pub. 17, Chapter 38 - Other Credits

Introduction

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Download: Form 1040 • 1040 Instructions PDF or HTML
Schedule A & BForm 1040AForm 1040EZTax Tables

In addition to the child and dependent care credit (chapter 33), the credit for the elderly or the disabled (chapter 34), the child tax credit (chapter 35), the education credits (chapter 36), and the earned income credit (chapter 37), you may be able to claim other tax credits. Even though the general business credit is one of the other tax credits that you may be able to claim, it is not discussed in this chapter. See Publication 334, Tax Guide for Small Business, for a discussion of the credits that are included in the general business credit. This chapter discusses seven other credits which you subtract directly from your tax to reduce your tax liability. It is divided into two parts, Nonrefundable credits, and Refundable credits.

Nonrefundable credits.
The first part of the chapter, Nonrefundable Credits, covers five credits that you subtract directly from your tax. These credits may reduce your tax to zero. If these credits are more than your tax, the excess is not refunded to you.

Refundable credits.
The second part of this chapter, Refundable Credits, covers two credits that are treated as payments and are refundable to you. These credits are added to the federal income tax withheld and any estimated tax payments you made. If this total is more than your total tax, the excess will be refunded to you.

Previous | Next

Publication 17 | 1999 Tax Year Archives | Tax Help Archives | Home