Sentences with phrase «federal tax credits only»

For example, Bedrick said, the bill proposed by Rubio and Rokita would have given federal tax credits only for donations to scholarship - granting organizations that don't «earmark or set aside contributions for scholarships on behalf of any particular student, or to any specific school or group of schools.»

Essentially, donors would receive a federal tax credit only if they give to SGOs that award funds to all students looking to attend all types of schools.

Not exact matches

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit - ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.

Your business credit report only includes debts that are under your company's federal tax identification number — also known as an employer identification number.

Falling Price Buyers who are entitled to the full $ 7,500 federal tax credit for electric vehicles will pay only $ 26,495 for the new Volt, and...

[fn.5] For federal and state marginal tax rates of twenty - eight and ten percent, respectively, the necessary credit need only be 69.2 percent.

Skelos had a renewed set of talking points on the minimum wage increase today, noting that not only would low - income earners lose their jobs, but would no longer qualify for federal tax credits or social service programs.

Tom Carroll wrote in more detail about how a tax credit scholarship program could work in «A Federal Scholarship Tax Credit: The Only Fifty - State School - Choice Option.&raqtax credit scholarship program could work in «A Federal Scholarship Tax Credit: The Only Fifty - State School - Choice Option.&credit scholarship program could work in «A Federal Scholarship Tax Credit: The Only Fifty - State School - Choice Option.&raqTax Credit: The Only Fifty - State School - Choice Option.&Credit: The Only Fifty - State School - Choice Option.»

The longest - running of the cases, filed in federal court in 2000, alleged that Arizona's individual tax - credit program violates the establishment clause of the U.S. Constitution by permitting organizations to provide scholarships to students that can be used only at religious schools.

The only aim for those of us fighting to expand school choice and supporting a federal education tax credit is to give a lot more children access to the school of their parents» choice.

A large - scale federal voucher program (Trump uses $ 20 billion as the figure) could go directly to schools and / or only work with states or districts if there are supportive voucher, tax credit, or charter programs.

A Federal tax credit of $ 7,500 is available, reducing the net MSRP to only $ 15,4952, and many states offer additional tax credits / rebates toward the purchase of an electric vehicle (EV) which can further reduce the cost.

With a starting MSRP of only $ 22,995 *, the technologically advanced i - MiEV is the most affordably - priced electric vehicle (EV) available in America today, and after factoring in the Federal tax credit of $ 7,500, the net starting MSRP is reduced to $ 15,495 **.

More information about the 2012 Mitsubishi i - MiEV: The 2012 Mitsubishi i is not only one of the first regular - production electric cars for sale in the U.S. market; for 2012, it's the lowest - priced, fully electric passenger car available to Americans — costing as little as $ 21,625 after the $ 7,500 federal tax credit, which is thousands less than the Nissan LEAF.

Starting at $ 25,000 (and eligible for $ 7,500 in federal tax credits), the Smart Electric Drive can also be had in convertible form, which makes it the only drop top on our list of cheap electric cars.

Just know that, for our list of electric cars for 2013, we'll only be taking into account the main federal tax credits — and that it's not just a list of electric cars, as there are a few crossovers on the roster as well.

With a starting MSRP of only $ 34,495 after the available U.S. federal tax credit, and not including your state and local incentives, this affordable family - sized hybrid is changing the way we view travel.

Add in heated front seats, heated mirrors, a 100,000 - mile powertrain warranty, and the 2016 i - MiEV price of only $ 15,495 after federal tax credit, and you have the most affordable EV of 2016.

Tax credits are only available to individuals and families within a certain income range — between 100 % and 400 % of the federal poverty line in your state.

Heads - up: You can only claim the Savers Credit if you use form 1040A, 1040 or 1040NR (not supported in TurboTax) to file your federal tax return.

Application for the GST / HST credit is done automatically through federal tax returns, though it can be claimed only by one spouse or other member of a household.

I believe the rule outside of Quebec is that the provinces have to accept the federal definition of net income and can only fiddle with the tax rates on net income and certain tax credits?

You need to calculate Federal AMT only, and that's the credit you use on your Federal tax returns.

Not only is it non-taxable upon withdrawal, but any person over 18 years of age can contribute and there also is no age limit to when you can contribute, and it will not affect your eligibility for federal income - tested benefits and credits such as: Old Age Security, Guaranteed Income Supplement, and the Child Tax Benefit.

It's important to note that you can only apply and receive a tax credit by applying on the federal exchange.

With this tax credit, you may reduce your tax liability to $ 0, but the non-refundable tax credit that will be applied to your federal tax income return can only be used investing into an IRA, 403 (b), 457 and / or a 401 plan.

Please note that you can claim only one type of education credit or deduction per student on your federal tax return each Tax Yetax return each Tax YeTax Year.

Instead of having to make $ 1.25 - $ 1.40 (depending on what your federal and state income tax rate is) to have a $ 1 worth of travel covered, you only have to do a tiny bit of work and have your credit scored a little more frequently than you might like.

For example, if you live in Nova Scotia, and you pay tax at the top combined federal / provincial marginal tax rate of 54 per cent, your tax cost of borrowing $ 100,000 for investment purposes, using a secured line of credit at bank prime rate (currently around 3.45 per cent), is only $ 1,587 annually, assuming the interest is fully tax deductible.

The remaining $ 1,500 ($ 2,500 x 60 %) is a nonrefundable credit that provides a benefit to you only if you owe federal income taxes.

As a rule of thumb, only one parent may claim the federal and provincial tax credits for an eligible dependant and for children born after 1995 (although, this tax credit may have been eliminated after 2014).

This is an issue not only for owners and operators of wind farms who depend on output for revenues and income from the federal production tax credit, but also for wind farm investors that depend on output to generate bottom - line performance.

Not only that, but the federal tax credit can reduce the cost of going solar by up to 30 %, increasing your savings even more.

And renewables will continue to grow sharply, particularly solar, because renewables are now highly cost - effective in many parts of the country with only the federal Investment Tax Credit, or even without any subsidies.

Despite Oregon having less than average solar irradiation and also having relatively cheap power (only around 11.5 cents / kWh on average) the combination of the generous state tax credit, utility based incentives and the 30 % federal tax credit gets Oregon into the top ten states in America in terms of investment return available from installing solar panels on your home.

The only environmentally - focused federal income tax credits that are still available are for solar energy systems and all - electric or plug - in hybrid vehicles.

For instance, uncertainty over the future of the federal production tax credit led to a boom - and - bust cycle in which 13 GW of renewable capacity was installed in 2012, but only 1 GW was installed in 2013 after the credit expired.

Premium tax credits are only available to people who earn between 100 % and 400 % of the federal poverty level, so if you don't fall into that bracket, you won't be eligible for de facto free healthcare.

However, you can only apply for available tax credits and subsidies through the federal exchange (HealthCare.gov) or your state exchange; and you can only purchase personal coverage on the government exchanges during open enrollment periods or when you have a qualifying life event.

If you owe $ 6,000 in federal taxes, you'll only get a $ 6,000 credit, and lose out on the remaining $ 1,500.

Another really important point is that the fiscal cliff bill did not make the adoption tax credit refundable, so it only benefits those adoptive families who have federal income tax liability.

Historic preservation has state and federal tax credits, but only for income producing properties and not sure I want to buy and hold.