The ITC is considered a ‘nonrefundable credit,’ so you will not get a refund for the balance. However, you can carry over the balance of any unused amount of the tax credit into the following tax year until it is exhausted.
The ITC is considered a ‘nonrefundable credit,’ so you will not get a refund for the balance. However, you can carry over the balance of any unused amount of the tax credit into the following tax year until it is exhausted.