Sentences with phrase «eligible taxpayers»

The proposed changes in the Republican tax reform plan would eliminate tax deductions that allowed eligible taxpayers to deduct their local income and property taxes from their federal taxes.

Unfortunately, many eligible taxpayers don't take advantage of this break because they don't know about it.

Additionally, eligible taxpayers who filed a tax extension this year, can still use Free File to prepare and submit their Federal tax return through October 15, 2013.

Tax credit may be allocated between eligible taxpayers in any reasonable manner.

Tax credit must be allocated between eligible taxpayers based on their percentage of ownership.

The Treasury predicts that incorporating these into a return - free system would raise the number of eligible taxpayers by 1.7 million in the zero and 15 percent brackets and another 1.9 million in higher brackets.

Among these are the Connecticut Earned Income Tax Credit (CT - EITC), equal to 27.5 % of the corresponding federal credit; the Property Tax Credit, up to $ 200 for eligible Connecticut homeowners with property tax liability; and the Personal Tax Credit, which ranges from 1 % to 75 % of income taxes due, for eligible taxpayers up to a certain tax level.

«It also effectively punishes districts, voters, taxpayers and school children in districts where school boards and voters exercise their constitutionally protected right to exceed the tax cap, by denying tax credits to otherwise eligible taxpayers in such districts.

Erie County Legislator Kevin Hardwick has requested that Erie County create a task force assigned to research and promote the New York State STAR program to ensure that eligible taxpayers receive the benefits due to them.

The Hope Scholarship Credit — also marked for elimination — provides eligible taxpayers a credit of up to $ 2,500 for each student, each year, to offset qualified tuition and related expenses paid for the first four years of a postsecondary education.

The IRS offers an online tax filing service called «Free File,» which helps guide eligible taxpayers through the e-filing process with step - by - step instructions and customer support.

Such costs can be deducted as adjustments to income which means eligible taxpayers can deduct 100 percent of their qualifying health insurance premiums on page 1 of Form 1040.

Eligible taxpayers will be able to receive a tax credit of up to 50 % of their retirement contributions.

Five million eligible taxpayers - including more than 770,000 small businesses who file under the Personal Income Tax - would begin seeing savings in 2018.

We can even achieve N10tn to N15tn tax revenue in this country if every eligible taxpayer (both individual and corporate) pay their due and proper tax obligation.

Eligible taxpayers can include both individuals and businesses.

Eligible taxpayers may claim the credit either with or without a qualifying child.

The Earned Income Tax Credit (EITC) is a credit for taxes, which means that eligible taxpayers will offset taxes they owe dollar for dollar as opposed to a deduction, which merely reduces a taxpayer's taxable income.

Accordingly, the Internal Revenue Code contains limits on the amount of income an eligible taxpayer may earn and limits on adjusted gross income and still qualify for the EITC.

Eligible taxpayers can claim tax credits of up to $ 2,500 annually.

The student loan interest deduction applies to federal, state, and private higher education loans, and is open to all eligible taxpayers who pay interest on student debt, even if they do not itemize their deductions.

Eligible taxpayers may qualify for up to $ 2,000 per tax return.

To take advantage of the credit, the eligible taxpayer must buy, or sign a contract to buy, a principal residence on or before April 30, 2011.

Eligible taxpayers that earn up to $ 37,000 a year get an additional super contribution from the Government, equal to 15 % of before tax (employer and salary sacrifice) super contributions, up to $ 500.

Eligible taxpayers may qualify for up to $ 2,000 per taxpayer.

Eligible taxpayers can also deduct $ 4,000 in tuition and fees.

The FTB later increased the pool to two million eligible taxpayers.

Rather than mailing everyone in California a completed tax form, the FTB created an opt - in website, with a limited marketing budget, for around one million eligible taxpayers.

The changes alter the methods used to determine an eligible taxpayer's offer in the program.

The deductions are offered from Sections 80C to 80U and the eligible taxpayers can claim it.

However, only the custodial parent, if eligible, or another eligible taxpayer can claim the child as a qualifying child for the EIC.