Originally Posted by elirentz
You get a refund because you've paid tax all year out of your paycheck and you've paid more than you owe. With a tax credit you will owe less so you will get a bigger refund. It benefits anyone who earns taxable income.
The thing is, I would never have a tax bill of $7,500. Plus the issue is that you get "up to" $7500 in tax credit. Uncle Sam doesn't cut you a refund check for the left over.