Sentences with phrase «dollar tax credit»

CalHFA also partners with local counties to provide access to Mortgage Credit Certificates that may enable first - time homebuyers to convert a portion of their annual mortgage interest into a dollar - for - dollar tax credit on their federal income tax returns.

One of those is the wind Production Tax Credit, a multi-billion dollar tax credit that subsidizes wind developers for the electricity they generate.

-- First - Time Home Buyers Tax Credit I am sure you have heard all about the federal government's 8 thousand dollar tax credit eligible for first time home buyers.

This phenomenal program offers a dollar - for - dollar tax credit to reduce the income tax bill of first - time buyers.

I am sure you have heard all about the federal government's 8 thousand dollar tax credit eligible for first time home buyers.

R. 1511), a bill that would create a tuition tax credit program, allowing a dollar - for - dollar tax credit for individuals and corporations who donate to organizations that provide vouchers to low - income students to attend private schools.

This bill provides a dollar - for - dollar tax credit for individuals and corporations that donate to «Scholarship Granting Organizations» (SGOs) that provide vouchers for low - income students to attend private schools.

Enacted in 1997 and the nation's longest running scholarship tax credit program, the Individual Scholarship Tax Credit Program provides all Arizona taxpayers the opportunity to contribute directly to a School Tuition Organization (STO) and receive a dollar - for - dollar tax credit against their Arizona state tax liability.

C - Corporations, S - Corporations and insurance companies with an Arizona corporate income tax liability or insurance premium tax liability can redirect up to 100 % of that liability to a state approved School Tuition Organization and receive a dollar - for - dollar tax credit for their contribution.

Donors would receive a dollar - for - dollar tax credit.

She wrote: «The program... allows individuals and businesses to take a dollar - for - dollar tax credit for a donation to an organization that offers school vouchers.»

Businesses get a dollar - for - dollar tax credit for SFO contributions, with total credits capped at $ 559.1 million.

Donations to the program are offset with a dollar - for - dollar tax credit, up to $ 1,000 for individuals, $ 2,500 for families, and $ 10,000 for businesses.14 Tax - credit - eligible donations are capped at $ 58 million annually and are available on a first - come, first - served basis.

The funding comes from donations made by individuals and businesses who receive a 75 - cents - on - the - dollar tax credit when they give to scholarship - granting organizations statewide.

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

Another route would be for states to create dollar - for - dollar tax credits for all charitable contributions made to the state government.

Moreover, in order to maximize the number of students who will be able to benefit from an ESA, the state should offer dollar - for - dollar tax credits in return for these contributions.

The Arizona Supreme Court had previously upheld a scholarship tax - credit law, which granted dollar - for - dollar tax credits to taxpayers in return for contributions to non-profit scholarship organizations that help families send their children to the schools of their choice.

The scholarships are funded directly through private donations from businesses, which can then earn dollar - for - dollar tax credits from the state for their contributions.

Launched in 2001, Florida's Tax Credit Scholarship program allows low income families to send their kids to a private school with money that is funded directly through private donations from businesses, which can then earn dollar - for - dollar tax credits from the state for their contributions.

Not exact matches

Cut the cost of health - care premiums by buying insurance online at HealthCare.gov to qualify for a tax credit worth thousands of dollars.

The tax credits are attractive because they provide a dollar - for - dollar reduction in a taxpayer's state income tax.

If you were surprised to learn that Barbie could get the R&D tax credit, then maybe it's time to rethink whether your company could be eligible as well for the biggest tax credit for business — approximately $ 10 billion dollars a year.

Canada made its name in Hollywood as a low - cost location in the days of the 65 cents dollar, and since a federal film tax credit was instated in 1997, each province has been scrambling to stand apart.

On top of the credits for the wind power it's generating, Berkshire also gets long - term tax benefits from the depreciation of the billions of dollars» worth of capital expenditures it has put into building out its wind operations.

Dollar is receipt for goods taken by govm, a tax credit.

Credits reduce tax liability dollar for dollar for the amount of credit.

It is even easier to argue that tax credits should be targeted at those who most need the assistance and that the wealthy don't need an extra few thousand dollars.

Also, Menchie's Franchise Development Managers have experience helping franchise candidates explore other sources of financing, such as home equity lines of credit and self - guided IRAs, which can allow you to start a business using pre-tax dollars without penalties or paying income tax on the start - up dollars.

As you can see, a tax credit will always save you more money than a dollar - equivalent tax deduction.

A tax credit provides a dollar - for - dollar reduction of your income tax liability.

During the tax season ending April 18, 2017, millions of Americans used the free self - directed tax preparation service Credit Karma Tax ™ to save tens of millions of dollars in online tax preparation fetax season ending April 18, 2017, millions of Americans used the free self - directed tax preparation service Credit Karma Tax ™ to save tens of millions of dollars in online tax preparation fetax preparation service Credit Karma Tax ™ to save tens of millions of dollars in online tax preparation feTax ™ to save tens of millions of dollars in online tax preparation fetax preparation fees.

Why is the market going up with unemployment so high, consumer debt outrageous, an environment where taxes must go higher, energy 5xs the norm, housing still depressed, access to credit stunted, expensive war expenditures, the Greece failure, a weak dollar, and slow economic growth?

The cool thing about a tax credit is that it is a dollar - for - dollar reduction in the tax you owe.

As an aside, those who believe that the province should simply «take back Translink» as a crown corporation (or similar) should understand that in practical accounting terms this would also involve taking on Translink's multibillion dollar debt (supported as it is by ridership fees, gas taxes, etc.), and that this would almost certainly immediately denigrate the province's AAA credit rating.

Assuming that each dollar contributed reduces federal taxable income, and that a reduction in federal taxable income correspondingly decreases state taxable income, we can determine the minimum credit percentage states should offer to incentivize participants as a function of the federal and state marginal tax rates.

Although the preceding example uses a dollar - for - dollar state tax credit, even a less generous state tax credit would create the distortion I describe.

But if the state issued a dollar - for - dollar state tax credit for charitable contributions made to, say, the state's general infrastructure fund, the first $ 6,000 donated, though reducing state tax liability by $ 6,000, does nothing to lower federal taxes owed because the taxpayer would still take the standard deduction.

Regardless of the approach taken, I agree with Blackman and Stark in that the ability of a state to capture federal tax dollars via creative state tax credit initiatives is almost certainly bad tax policy when viewed from the national perspective.

Basically, it reads like a evolved bait & switch tactic similar to retail stores throwing a guilt trip at the cashier line to get another dollar or two from your total grocery bill (look this up — these corporate grocers / retailers use this to get a huge tax credit).

And if you literally mean a flat tax with from the first dollar (which is * NOT * what most flat tax proposals are, by the way — they all include at least a significant standard deduction)-- one with no deductions & credits (not even home interest deductions or charitable deductions or college deductions, etc), then we may as well be discussing what type of pig would fly more efficiently.

Should this changing profile of our province's balance sheet result in a credit rating downgrade, the impact will be hundreds of millions of dollars being committed to interest rate payments, instead of services or tax reductions.

Under a 2015 agreement between the Department of Commerce and Economic Opportunity and The Advisory Board Co., the state gave a tax credit worth millions of dollars in exchange for 55 jobs.

The 13 - year - old program provides dollar - for - dollar income tax credits for money given to «school tuition organizations,» or STOs.

2001 FRAC helps lead anti-poverty and anti-hunger groups in obtaining tens of billions of dollars in refundable tax credits for low - income working families with children in federal tax legislation.

In fact, Democrats voted to eliminate half a billion dollars in job creation tax credits that will jeopardize thousands of jobs, especially upstate.

«The tax credit would probably not be dollar for dollar,» Cuomo said.

Private coverage, by contrast, can run hundreds of dollars a month, even with federal tax credits factored in, and often has steep deductibles.

At 1:30 p.m., Assemblyman Joe Lentol; Justin Kalifowitz, co-founder of NY is Music; Maya Kremen of Local 802; musicians, producers, and music industry professionals from across New York call for inclusion of a music industry tax credit in the budget, Million Dollar Staircase, state Capitol, Albany.

New Yorkers making up to half a million dollars a year would get a credit on their income taxes if their local governments and schools hold spending to below two percent a year.