What NONREFUNDABLE CREDIT means: A credit that cannot exceed the taxpayer's tax liability.
- Definition Necessary:
- Dictionary An expense that is appropriate and helpful in furthering the taxpayer's business or income-producing activity. See also Ordinary defined elsewhere in this glossary nonrefundable credit definition.
- Definition Noncustodial Parent:
- Dictionary The noncustodial parent is the parent who does not have physical custody of the child or who has custody of the child for the samller part of the year nonrefundable credit explain.
- Definition Nonbusiness Bad Debts:
- Dictionary incurred in connection with a creditor's trade or business. A nonbusiness bad debt is deductible as a short-term capital loss and is allowed only in the year the debt becomes entirely worthless nonrefundable credit what is.
- Definition Nontaxable Earned Income:
- Dictionary Income a taxpayer receives for services that is excludable from gross income. Examples include military housing allowances, ministers' housing allowances, and excludable combat pay nonrefundable credit meaning.
How works Nonrefundable Credit meaning in Tax definitions N .
