Sentences with phrase «credit against the tax»

Taxpayers are already able to contribute to individual retirement accounts until the tax filing deadline and apply any deductions or saver's credits against their tax year's liability.

A credit against this tax is allowed under 26 U.S.C. on each proof gallon of alcohol derived from eligible wine or eligible alcohol - containing flavors which do not exceed 2.5 percent of the finished product on a proof gallon basis.

for the first time in this state which was registered in another state that levied a tax substantially identical to the tax levied under this section, the person shall be entitled to receive a credit against the tax imposed by this section equal to the amount of tax paid to the other state.

Increases tax rates on self - employment income equal to the combined employee - employer rates and provides credits against tax liability to offset part of the increase.

The amount paid as income tax withholding will be a credit against the tax you owe when you report the income at the end of the year.

If your organization is a proprietorship, a partnership, or a corporation carrying on business in Canada, you may qualify for a cash payment and / or credit against taxes payable.

You can claim a credit against your taxes of up to $ 2,000 a year per tax return, but you won't receive a refund if the credit is greater than your tax bill.

But you'll get a credit against taxes owing for the tax that is withheld.

Not exact matches

«U.S. companies could claim foreign tax credits against their U.S. tax bill for any tax - related payments to European Union member states.»

In fact, they're cash payouts from governments to production companies, in theory credited against the income and sales taxes paid by the individuals and service companies the shows put to work.

New Jersey proposed $ 7 billion in potential credits against state and city taxes if Amazon locates in Newark and sticks to hiring commitments, for instance.

U.S. taxes paid on earnings from a U.S. corporate subsidiary can be fully credited against Canadian taxes.

Refundable tax credits, most of which were previously netted against budgetary revenues, are now classified as program expenses.

Just like a thorough vetting of cabinet nominees could have foreseen the scandals that later emerged, a thorough vetting and review process for the monster tax cut legislation would have cautioned against such radical moves in the face of massive maturing supply, a trimming Fed, and a debt - strapped consumer that is seeing higher interest rates on mortgages and credit cards as a result of the spike in rates.

The PATH Act now allows «eligible small businesses» to apply research credit claims against alternative minimum tax (AMT) and «qualified small businesses» to apply research credit claims against payroll tax when no income tax liability exists.

Other more sweeping reform options would address double taxation by allowing shareholders credits against personal taxes for tax levied at the corporate level (an «imputation system») or by passing corporate profits through to shareholders, similar to the tax treatment of partnerships and S - corporations («corporate tax integration»).

Mortgage insurance premiums paid monthly may be credited against your annual federal income tax returns.

A day after the bill's prospects wavered somewhat, Republican leaders notched two victories on Friday, when Senator Marco Rubio of Florida said he would vote yes after gaining a more generous child tax credit in the final bill and Senator Bob Corker of Tennessee, who voted against the initial Senate bill over deficit concerns, said he would support the legislation.

Under PSAB accounting standards, Refundable Tax Credits should be considered as part of spending rather than netted against tax revenTax Credits should be considered as part of spending rather than netted against tax reventax revenue.

Earlier, Santorum came out against Herman Cain's «999» plan because it would shift the tax burden to low income Americans and eliminate the earned income tax credit.

Against them, Reagan stands up for his economic and defense record, and argues for school prayer, tuition tax credits and abortion restrictions — not to impose any religious establishment but to restore religious freedom, strengthen traditional «social mores» and protect the unborn.

I asked Boris, tongue in cheek, if he voted with the Government against Labour's tax credits motion.

But also coming down hard against Ceretto was New Yorkers for Independent Action, a super PAC which supports the proposal to create a tax credit for private and religious school tuition.

At conference a year ago, I launched our campaign against cuts to tax credits and we succeeded in knocking this government back.

The Executive Budget includes an Education Tax Credit (ETC) that would provide individuals and businesses with a substantial credit against income taxes owed for donations to private and public schools, or scholarship organizaCredit (ETC) that would provide individuals and businesses with a substantial credit against income taxes owed for donations to private and public schools, or scholarship organizacredit against income taxes owed for donations to private and public schools, or scholarship organizations.

Hammond also said a provision in the House GOP plan to prohibit people from using the tax credits to buy insurance that covers abortion also bumps up against a Cuomo administration policy requiring state - regulated health plans to cover such procedures.

She says she wants to combat child poverty, has pledged to campaign against government plans to limit future child tax credit to two children and to bring about a childcare and digital «revolution».

The tuition plan joins additional policy proposals rolled out by Cuomo this month, including a tax credit program to make childcare more affordable, investments in JFK Airport and charging infrastructure for electric cars and stronger safeguards against wage theft, cyber threats and the financial exploitation of senior citizens.

Of four applications submitted in 2013 that competed against each other for lucrative tax credits in the Mohawk Valley Region, The Birches at Schoharie scored last, according to DHCR.

Cuomo is proposing to change the program so homeowners instead apply for their relief as a credit against their income taxes.

Meanwhile Tory MEPs voted against a report on paid paternity leave, reducing the gender pay gap and combating violence against women, while UKIP MEPs opposed investigating tax evasion and avoidance, capping credit card charges and labelling processed meat with its country of origin.

· The statistics don't appear to take into account successful appeals by claimants against HMRC, resulting in the reinstatement of tax credit awards

He ended, however, by berating her refusal to table reasoned amendments against the cuts to tax credits.

The ad also gives credit to Zeldin as a state senator that he «successfully led the fight» to partially repeal the MTA payroll tax and that he «led the fight» against Obamacare in the chamber.

Conservative MP Heidi Williams, who previously spoke out against cuts to tax credits, once again issued a warning about her party's cuts.

On the question of stopping child tax credit cuts, Harman is encouraging Labour MPs to abstain - but a lot of them want to vote against.

Under the Scheme, Landfill Operators (LOs) are encouraged to support local environmental projects by the provision of a 90 per cent tax credit against their donations to Environmental Bodies registered with the Scheme's regulator, Entrust.

Because dividends are not tax free (as they are in pass through entities once tax on entity level earning has been paid by the owners - which would look politically ugly in a publicly held company context letting people receive millions in dividends and pay not taxes on it), and there is no deduction for dividends paid to the corporation (in most contexts), and there is no tax credit for taxes paid at the corporate level against income tax liability on dividends, the end result is that there is double taxation of corporate profits both when the profits are earned by the corporation and again when they are distributed to shareholders.

Many foreign countries in the developed world, instead tax corporate profits at a higher rate, resulting in higher corporate taxes collected, but credit corporate taxes paid against the tax due on dividends distributed, eliminating double taxation.

Craig points out the «the succession of Tory MPs» who spoke out against the chancellor's plans in the Commons debate on tax credits and says there will be futher battles ahead.

Several Republicans broke with their party to vote against and the proposal, which also contains language allowing bullied students to transfer to other public or private schools and receive a tax credit scholarship to pay for it.

And in New Jersey, where local property taxes are a much bigger concern than state income taxes, incoming Democratic governor Phil Murphy and two Democratic congressmen have floated a proposal to create a charitable foundation similar to the one being contemplated for California and New York, but with property - tax purposes targeted and a new state tax credit created against property - tax liability.

The Tory tax - credit cuts I spoke out against will hit working families who are doing the right thing.

Amends the Excelsior Jobs credit program to provide participants with a credit against their payment of telecommunications excise tax (Part T).

As of late August, tax credit backers had put $ 321,261 into the race, which, according to Newsday, Ramos believes is «retaliati [on] against him for successful efforts to block charter schools in Islip.»

The congressman would not commit to voting against a final bill that doesn't preserve the Historic Tax credit.

The unions also drew a red line against an education tax credit for the second year in a row, and Cuomo seems to have dropped it again, despite promises to Cardinal Timothy Dolan and others that he would deliver.

Harriet Harman's announcement on the Sunday politics yesterday, that Labour would not be voting against the welfare bill, nor would they oppose child tax credit cuts or the Tories new benefits cap, has rightly drawn condemnation from different sections of the Party, and now both Yvette Cooper and Andy Burnham have joined Jeremy Corbyn (who -LSB-...]

Harriet Harman's announcement on the Sunday politics yesterday, that Labour would not be voting against the welfare bill, nor would they oppose child tax credit cuts or the Tories new benefits cap, has rightly drawn condemnation from different sections of the Party, and now both Yvette Cooper and Andy Burnham have joined Jeremy Corbyn (who launched a petition last night) calling for opposition to the child tax credit cut.

Shadow chancellor Chris Leslie said Mr Osborne should introduce tax breaks for employers that pay the living wage as a way of boosting people's incomes and warned against underestimating the importance of tax credits to families.