Sentences with phrase «moderate income taxpayers»

The saver's credit rewards low and moderate income taxpayers who are working hard and need more help saving for retirement.

However, it is possible for more moderate income taxpayers to be hit with the tax.

For many low and moderate income taxpayers, saving for retirement is difficult.

Not exact matches

But while there is a lot we don't know, we can identify a group of taxpayers likely to face tax increases from this proposal: people with moderate to upper - moderate incomes who take itemized deductions, like those for mortgage interest and state and local taxes paid.

Southern Tier CA$ H (Creating Assets, Savings and Hope) is an IRS sponsored Volunteer Income Tax Assistance (VITA) program, led by Arbor Housing and Development, offering free tax help for low - to - moderate income families and individuals, persons with disabilities, the elderly, and limited English speaking taxpayers who need assistance in preparing their own tax reIncome Tax Assistance (VITA) program, led by Arbor Housing and Development, offering free tax help for low - to - moderate income families and individuals, persons with disabilities, the elderly, and limited English speaking taxpayers who need assistance in preparing their own tax reincome families and individuals, persons with disabilities, the elderly, and limited English speaking taxpayers who need assistance in preparing their own tax returns.

«This new legislation allows taxpayers to invest in the state's educational system, improving an already successful program that gives students from low and moderate - income families the opportunity to attend quality schools,» Duplessis added.

The Savers Credit gives a special tax break to low - and moderate - income taxpayers who are saving for retirement.

Formerly called the Retirement Savings Contributions Credit, the Savers Credit gives a special tax break to low - and moderate - income taxpayers who are saving for retirement.

The Saver's Credit, formerly called the Retirement Savings Contributions Credit, provides a special tax break to low - and moderate - income taxpayers who are actively saving for retirement.

Individual taxpayers and families may be able to claim the refundable Premium Tax Credit if they have low to moderate incomes and purchased health insurance through the Health Insurance Marketplace at HealthCare.gov.

The Earned Income Tax Credit (EITC) is a credit for taxpayers who earn low to moderate incomes.

Refundable or non-wastable tax credits can reduce the tax owed below zero, and result in a net payment to the taxpayer beyond their own payments into the tax system, appearing to be a moderate form of negative income tax.

The program has helped nearly 50 million low - to moderate - income taxpayers since 1968 and is available to anyone 50 and older who can't afford a tax preparation service.

The program is geared toward low - and moderate - income taxpayers.

But over time, it has captured many moderate - income taxpayers because it wasn't indexed to inflation.