Question: The difference between a refundable credit and a nonrefundable credit is which of the following? Group of answer choices Nonrefundable tax credits are only available

The difference between a refundable credit and a nonrefundable credit is which of the following?

Group of answer choices

Nonrefundable tax credits are only available to corporations.

A nonrefundable credit can only reduce a taxpayer's tax liability to zero.

Refundable tax credits are only available to individual taxpayers.

A refundable credit can only reduce a taxpayer's tax liability to zero.

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