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How to fill out and sign IRS 1040A or 1040 Schedule R online?
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The elderly and disabled tax credit is generally non-refundable, meaning it can reduce your tax liability but will not result in a refund. If your tax owed is less than the credit amount, you will not receive the excess as a refund. Understanding this aspect is crucial for taxpayers using Schedule R on IRS 1040A. Always consult your tax advisor to determine how this credit affects your specific situation.
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