Regal Integrity Tax

Get Ready for Taxes
IRS will start processing returns Jan. 27

What is a tax credit, then?

A tax credit is a dollar-for-dollar reduction in your actual tax bill. A few credits are refundable, which means if you owe $250 in taxes but qualify for a $1,000 credit, you’ll get a check for the difference of $750. (Most tax credits, however, aren’t refundable.)