Sentences with phrase «additional income tax credits»

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There are numerous additional tax credits offered in the state of New York, many of which primarily benefit low income households.

For example, for single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incotax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incoTax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional income.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

The larger standard deduction, the unspecified larger child tax credit, and «additional tax relief» to be named later will protect «typical» low - income families from a tax hike, we are told, but others will see their bills actually climb.

Stephen may legitimately believe that putting additional public money into the GST credit or Working Income Tax Benefit is preferable to making EI benefits more accessible.

1040A filers may also claim the Earned Income Credit, the Additional Child Tax Credit, and the American Opportunity Tax Credit.

Beginning this week, the IRS expects to make refunds available in bank accounts or on debit cards for early filers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit.

The Additional Child Tax Credit is designed for lower income individuals who were unable to take advantage of the full Child Tax Credit because they did not owe enough tTax Credit is designed for lower income individuals who were unable to take advantage of the full Child Tax Credit because they did not owe enough tTax Credit because they did not owe enough taxtax.

Specific policies include a Canada Employment Credit and Tax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilitiTax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilititax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilities.

This additional taxable income may push you into a higher tax bracket and may also reduce your eligibility for certain tax credits and deductions.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Just look at what happened to the OBR's projections for the public finances over the 12 months between the chancellor's spending review in autumn 2010 and the autumn statement in November 2011: — # 17.8 billion wiped off VAT revenues — # 51.2 billion off income tax revenues — # 30.9 billion off corporation tax revenues — an additional # 34.7 billion in unplanned spending on tax credits and social security benefits.

He says they'd have to pay $ 294 more dollars in additional federal pay roll taxes, nearly $ 3000 in additional state and federal personal income taxes, and would receive $ 1300 less in earned income tax credits for the working poor.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

The tax credits «phase - out» within certain income ranges, with their value dropping with each additional dollar of income.

As Elaine Maag at the Urban - Brookings Tax Policy Center puts it, the proposed increase in the Child Tax Credit under the Framework would «provide no additional benefit for very low - income families; roughly replace the Framework's proposal to repeal personal exemptions for most middle - income families; and slightly increase taxes for higher income families.»

The net result of the calculations under the Additional Child Tax Credit is that the very lowest income families receive nothing and those doing better but still living in poverty receive less than they would if they were making a modestly higher income.

The paltry payout of the Child Tax Credit to low - income families occurs despite the benefit being partially refundable under a provision of the law called the Additional Child Tax Credit.

AFC also believes that Congress and the Administration should pursue additional and bold policies to fulfill the President's promise to expand school choice, including: a K - 12 tax credit to leverage private money in support of scholarships for lower income families; vouchers for children of active duty military members so they can attend schools of their parents» choice; Education Savings Accounts for children in Bureau of Indian Education schools; and more funding for the D.C. Opportunity Scholarship Program.

The 2013 Nissan Leaf qualifies for the $ 7,500 federal income tax credit and other additional incentives in some states.

Credits such as earned income, additional child tax credit and the American Opportunity Tax Credit count toward your paymentax credit and the American Opportunity Tax Credit count toward your paycredit and the American Opportunity Tax Credit count toward your paymenTax Credit count toward your payCredit count toward your payments.

To qualify for the additional child tax credit, you must have earned income.

If you do not benefit from the full amount of the Child Tax Credit (because the credit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax CCredit (because the credit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax Ccredit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax CreditCredit.

In Colorado, for example, any refund attributed to Earned Income Credit and Additional Child Tax Credit is yours to keep.

Furthermore, that additional income may disqualify you from claiming some deductions and credits that usually lower your tax burden.

If that is true, my deduction is that I can claim the scholarship as additional income and claim the amount that I paid my university for tuition and fees as eligible for the American Opportunity Tax Credit.

According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS can not issue refunds before February 15 for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax CredTax Hikes (PATH) Act, the IRS can not issue refunds before February 15 for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credtax returns that claim the Earned Income Tax Credit or the Additional Child Tax CredTax Credit or the Additional Child Tax CredTax Credit.

The» «Additional Child Tax Credit» is the portion of the child tax credit that is fully refundable regardless of a taxpayer's taxable incoTax Credit» is the portion of the child tax credit that is fully refundable regardless of a taxpayer's taxable iCredit» is the portion of the child tax credit that is fully refundable regardless of a taxpayer's taxable incotax credit that is fully refundable regardless of a taxpayer's taxable icredit that is fully refundable regardless of a taxpayer's taxable income.

As a result, you end up paying an additional $ 1,750 in income tax the second year ($ 7,000 minus the AMT credit).

Liberals: Increase the maximum Canada Student Grant to $ 3,000 per year for full - time students and to $ 1,800 per year for part - time students; increase the income thresholds for Canada Student Grant eligibility, giving more students access to the program; cancel existing textbook tax credits; eliminate the need for graduates to repay their student loans until they are earning at least $ 25,000 per year; invest $ 50 million in additional annual support to the Post-Secondary Student Support Program for Indigenous students attending post-secondary school.

His refund will depend on how much tax was withheld from his pay during the year, and the credits he qualifies for (likely the earned income credit and the additional child tax credit).

Assistance with denied credits (Earned Income Tax Credit, Child and Dependent Care Credit, Education Credits, Child Tax Credit, Additional Child Tax Credit, Adoption Credit, Credit for the Elderly or Disabled, Savers credits (Earned Income Tax Credit, Child and Dependent Care Credit, Education Credits, Child Tax Credit, Additional Child Tax Credit, Adoption Credit, Credit for the Elderly or Disabled, Savers Credits, Child Tax Credit, Additional Child Tax Credit, Adoption Credit, Credit for the Elderly or Disabled, Savers Credit)

Certain tax credits, such as the Earned Income Tax Credit and the Additional Child Tax Credit, are fully or partially refundabtax credits, such as the Earned Income Tax Credit and the Additional Child Tax Credit, are fully or partially refundabTax Credit and the Additional Child Tax Credit, are fully or partially refundabTax Credit, are fully or partially refundable.

The Mortgage Credit Certificate (MCC) Program provides eligible homebuyers up to $ 2,000 each year in additional federal income tax credits.

This income could create a tax bill in the U.S., which is an additional tax burden unless you happen to be paying Canadian tax on other investments and are able to claim a foreign tax credit for the U.S. taxes paid.

This additional taxable income may push you into a higher tax bracket and may also reduce your eligibility for certain tax credits and deductions.

The law requires that tax refunds including the earned income tax credit or the additional child tax credits will be held until February 15.

Don't forget about the Additional Child Tax Credit, which is open to parents who qualified for the Child Tax Credit but could not receive the full amount because it exceeded their income tax liabiliTax Credit, which is open to parents who qualified for the Child Tax Credit but could not receive the full amount because it exceeded their income tax liabiliTax Credit but could not receive the full amount because it exceeded their income tax liabilitax liability.

The PATH delay is only for the Earned Income Tax Credit and the Additional Child Tax Credit.

Depending upon the household income level, some new homeowners may qualify for additional tax credits just by investing in a PMI policy.

For investors willing to take additional credit risk in pursuit of higher levels of tax - free income, we believe that active management is paramount.»

To be clear, the $ 1,000 in additional credit for each child will be more than the benefit from the personal exemption they would have been entitled to for many taxpayers, especially for middle - income households in the lower tax brackets and people whose incomes were formerly too high to use the credit at all.

FHA mortgage loan programs offer first time buyers and moderate income borrowers mortgages with low down payments and flexible credit guidelines, but there are additional ongoing expenses including property taxes, hazard insurance, and the annual mortgage insurance premiums required by FHA.

L. 94 — 12, § 205 (a), substituted provisions directing the Secretary to prescribe new withholding tables setting changed withholding rates for wages paid during the period May 1, 1975, to Dec. 31, 1975, so as to reflect the full calendar year effect for 1975 of the amendments to the minimum standard deduction, the percentage standard deduction, the earned income credit, and the additional tax credit by sections 201, 202, 203, and 204 of the Tax Reduction Act of 1975, Ptax credit by sections 201, 202, 203, and 204 of the Tax Reduction Act of 1975, PTax Reduction Act of 1975, Pub.

Establishes an additional child credit of $ 2,500, used to offset income and payroll taxes.

If the household income exceeds 400 % of the FPL, the entire amount of any premium assistance credits «accidentally» advanced on behalf of the individual or family must be repaid as an additional tax liability when the tax return is filed.

The temporary regulations implement recent law changes that expand the tax return preparer due diligence penalty under section 6695 (g) so that it applies to the child tax credit (CTC), additional child tax credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit (EItax return preparer due diligence penalty under section 6695 (g) so that it applies to the child tax credit (CTC), additional child tax credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit (EItax credit (CTC), additional child tax credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit credit (CTC), additional child tax credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit (EItax credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit credit (ACTC), and the American Opportunity Tax Credit (AOTC), in addition to the earned income credit (EITax Credit (AOTC), in addition to the earned income credit Credit (AOTC), in addition to the earned income credit credit (EIC).

Notably, these limits only apply if the amount of advanced tax credits was too high, such that the taxpayer was overcredited and needs to pay back the excess amounts received; if the credits were too low, there is no limit on what the taxpayer can receive in additional credits when the tax return is ultimately filed (beyond the limits of the premium assistance tax credit itself) in the event that income dropped significantly and a higher credit was due.

At the end of the year, those eligible for premium assistance tax credits will be required to reconcile the actual credit that should have been earned based on actual income that year, with the amounts that were subsidized to the exchange, and receive either a refund (if more credits are due) or owe an additional tax obligation (if the subsidies were «overpaid» relative to the actual credit earned).