Which of these statements about benefit programs is TRUE?
Generally, taxpayers with higher income benefit more from programs that lower their AGI. Taxpayers with lower income may reduce refundable tax credits if they lower their AGI.
Generally, taxpayers with lower income benefit more from programs that lower their AGI. Taxpayers with higher income may reduce refundable tax credits if they lower their AGI.
Most employee benefit programs do not have an impact on a taxpayer's return.
Generally, taxpayers with higher income benefit more from refundable credits; AGI is not a major factor.