Sentences with phrase «increased tax refund»

If you qualify for the Earned Income Tax Credit you can reduce your taxes and increase your tax refund.

This doesn't reduce your student loan payments, but it will help to increase your tax refund (or lower your taxes due) at the end of the year.

It can reduce how much you owe in federal and state taxes, or increase your tax refund.

Taxes are always a certainty, but if you or your family are spending money on education there may be ways to increase a tax refund by claiming educational credits.

Let's find out how you can claim a student loan tax credit and increase your tax refund.

Remember that your RRSP contribution will increase your tax refund, which is money that you can put towards your down payment.

If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.

There are several tax credits and tax deductions that you might qualify for, which can help reduce your tax liability or increase your tax refund.

A nonrefundable credit essentially means that the credit can't be used to increase your tax refund or to create a tax refund when you wouldn't have already had one.

Filed Under: Taxes Tagged With: increase your tax refund, Taxes Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

They can help you reduce your taxable income and increase your tax refund.

A nonrefundable tax credit means that the credit can not be used to increase your tax refund or to create a tax refund when you don't already have one.

The APTC can be taken in advance, which gives you a discount on your premium, or at tax time, which increases your tax refund.

Not exact matches

For those who want to think outside the box, here are some of the more unusual tax deductions and credits that could decrease your taxes or increase your refund.

U.S. Treasury yields also faced upward pressure ahead of Wednesday's quarterly refunding announcement that is expected to show more supply as the government seeks to fund its massive tax cut program and increased fiscal spending.

Having a plan for your tax refund increases the chances that you'll put it to good use rather than letting that money bleed into your regular spending.

As a result, we recorded an income tax benefit of approximately $ 29.6 billion and we increased regulatory liabilities of our regulated utility subsidiaries by approximately $ 6.0 billion for the portion of the deferred income tax liability reduction that we will be required to, effectively, refund to customers in the rate setting process.

On the opposite end of the spectrum, if you ended up getting a big refund check last April, you might want to increase your allowances in order to lower how much tax you are having withheld.

In anticipation of the tax bill's passage and of municipalities losing their ability to refund bonds prior to maturity, there was a surge in supply of muni bonds in November and December, with new supply increasing 29.3 % and 207 %, respectively, over prior - year levels.

Highly Compensated Employees (HCEs) don't want their 401k contributions refunded (and out - of - pocket taxes increased), while employers don't want angry HCEs or the stress of correcting a failed ADP / ACP test by March 15.

The credit can be used to reduce the amount of income taxes you owe or increase the size of your refund.

If NRG's holding companies hired just one worker, the companies» employment would increase by 100 percent in the state's eyes, and NRG would qualify for a full refund of its property taxes.

Cuomo's plan would use state money to refund slight increases directly to individual homeowners - but only if those local governments also keep tax increases to under 2 percent and make serious plans to consolidate services.

The council said city residents would have been reimbursed the roughly $ 12 increase on their property taxes through a state refund program.

The tax vehicle would provide for increased deductibility or credits for childcare expenses, including perhaps refundable tax credits such that a family that has accrued childcare expenses but whose taxes would be reduced below zero with a childcare credit would receive a refund for the difference.

It reduces the amount of federal income taxes due, which can in turn increase your refund.

This means your refund will be lower or you'll owe more taxes — Unless you covered the increase for tax on unemployment income by either:

If you are eligible for the full deduction, a traditional IRA contribution could lower your 2010 tax bill significantly (increase your refund, or decrease the additional amount you need to pay).

Income tax loans are increasing in popularity and assist consumers in getting their refund in a timely manner.

After all an income tax refund can be an opportunity for some to pay off those high interest credit cards not increase their balances.

Cancelled debts could reduce your tax refund, if you're due one, or it could increase the amount you owe.

Contributions to health and education savings plans can also reduce taxable income and increase your refund the year made, and, if used for the intended purpose, may be tax - free upon withdrawal.

After 10 years of continually reinvesting your tax refunds and 5 % annual growth, your savings would be increased by more than $ 23,000.

When tax times rolls around, most taxpayers look for every legal way possible to lower their taxable incomes and increase their income tax refunds.

Increased tax liability could result in a lower tax refund or even require you to make payment or an increased payment toIncreased tax liability could result in a lower tax refund or even require you to make payment or an increased payment toincreased payment to the IRS.

The CollegeWealth program has the same tax savings for up to $ 4,000 per year (increasing your VA tax refund by $ 230) as the other plans, and the bank accounts pay a modest interest rate.

Note that this is a nonrefundable credit: It can not exceed the amount you owe in taxes for the year, so it can't get you a refund check (or increase the refund you're already getting).

This works because the applicant takes on considerably more risk by way of leverage than with the SM, gains far greater tax returns at an early stage, and apparently maintains the tax refund by the rapid increase of the HELOC, as the Investment loan is converted or reduced.

Withholding either increases your refund or reduces the amount you owe the government on your income tax returns.

Therefore, the comparison to see the benefit of the SM would be whether a leverage investment of $ 55,000 plus $ 350 / month (and increasing each year), plus using the tax refunds to pay down the mortgage more quickly would be better than not doing it.

All I needed to do was reinvest ONE RRSP tax refund to increase returns by about 15 % over a 40 year compounding period.

They would lose their tax refund and their assets could be included, increasing the price even more.

both will increase your chance of receiving a tax refund.

For one thing, a large withdrawal could push you into a higher tax bracket, which may increase your tax bill or shrink your refund.

Note that a missing or incorrect SSN can result in an increase of tax, a delayed tax refund, and a reduced tax refund.

For example, if you file the amended tax return to increase your refund by adding the charitable contribution deduction you omitted, it may also reduce your state tax if it also allows for charitable deductions.

Don't wait on the government because as we all know they don't hurry and some times they even run into delays increasing the time it takes for you to get your tax refund.

The maximum amount of the Adoption Credit has been increased to $ 13,170 per child (it was $ 12,150 in 2009) and the whole thing is now refundable, which means the credit doesn't just reduce your taxes — you will get the money back in your tax refund, even if you didn't owe any taxes for the year.

If you're currently contributing to a retirement fund, either on your own or through a 401k from your employer, you can use your tax refund to increase your retirement.

Tax season is on its way, and now is a great time to start thinking about ways to lower your tax liability and increase the size of your refuTax season is on its way, and now is a great time to start thinking about ways to lower your tax liability and increase the size of your refutax liability and increase the size of your refund.