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Predict the product of the following reaction.
Refundable Tax Credit
A tax credit that can reduce the taxpayer's liability to zero, with any remaining amount being paid out as a refund.
Nonrefundable Tax Credit
A tax credit that can reduce the amount of tax owed to zero, but cannot result in a tax refund.
Tax Credit
A tax benefit that directly reduces the amount of tax owed dollar for dollar.
Child and Dependent Care Expenses
Expenses related to the care of children or other dependents that can be deducted from taxable income.
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