Sentences with phrase «income tax credit equal»

These certificates enable the homeowner to qualify for a federal income tax credit equal to a percentage of the interest paid on their loan each year.

PHFA also provides Mortgage Credit Certificates allowing eligible homebuyers to claim a dollar - for - dollar federal income tax credit equal to 50 percent of the mortgage interest paid per year, capped at $ 2,000 annually.

First - time home buyers may also be eligible for a VHDA Mortgage Credit Certificate, a dollar - for - dollar federal income tax credit equal to 20 percent of the borrowers annual mortgage interest payments.

If you have a single jurisdiction that can control the entire corporate tax system, one of the easiest and most common ways to integrate corporate and individual level income taxes is to impose taxes on corporate profits at the corporate level, but then to give recipients of dividends who are subject to domestic income taxes a credit equal to the percentage of income paid by the dividend paying corporation, treating the corporate income tax as a withholding tax that becomes final when dividends are distributed to foreign taxpayers who don't pay domestic income taxes.

Not exact matches

The bill would make no changes to the Earned Income Tax Credit, a provision that gives low - and moderate - income working families a tax credit equal to a percentage of their earIncome Tax Credit, a provision that gives low - and moderate - income working families a tax credit equal to a percentage of their earninTax Credit, a provision that gives low - and moderate - income working families a tax credit equal to a percentage of their earCredit, a provision that gives low - and moderate - income working families a tax credit equal to a percentage of their earincome working families a tax credit equal to a percentage of their earnintax credit equal to a percentage of their earcredit equal to a percentage of their earnings.

Contributions to this fund would be deductible from State, local, and federal income taxes and taxpayers would receive a credit toward their subsequent year State income taxes equal to 85 percent of their contribution.

Employees would also receive a credit on their state income taxes equal to the payroll tax to ensure their income is not impacted.

The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.

If the family owes no taxes, as is the case for most low - income families, they would receive a refundable credit equal to 15 percent of every dollar they earn over $ 3,000.

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.

Residents filing in AL, LA, MO and OR are allowed a deduction for federal taxes equal to your federal income tax liability from your return after subtracting certain federal tax credits.

Income tax credits are equal to 30 % or 35 % of the investment amount and are claimed over a three year period.

To receive the full tax credit, you must have federal income tax liability that's at least equal to the value of the tax credit.

In Delaware, she said the homeowner income tax credit is equal to the costs of rehabilitation work.

It's a tax credit equal to 6 % of the total of all the federal deductions you claim (except for the deduction of state income taxes), plus your Utah personal exemptions.