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Originally Posted by ryanw183
It's not a refund per say. But rather a credit towards the amount you owe the IRS. Say you owe $3,000. And you have a hybrid tax credit of $2,100. You would only owe $900. I don't believe you will get any additional refund if you are getting a refund anyways.
-Ryan
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Sure you will. To use another example, let's say you had $5000 dollars in taxes withheld from your paychecks. You fill out your tax return at the end of the year and find that your income tax is only $4000. So you'll get a $1000 refund. But then, oh my gosh, you forgot to claim the hybrid tax credit. You put that into your tax return and now your income tax is $1900 instead of $4000, and your refund will be $3100 instead of $1000.