Sentences with phrase «nonrefundable credit for»

The credit was further modified to provide for a $ 500 nonrefundable credit for qualifying dependents other than qualifying children.

Replaces the personal exemption with a nonrefundable credit for dependents.

Replace the mortgage interest deduction with a 12 percent nonrefundable credit for all taxpayers for mortgages on principal residence only.

Exclusions, deductions, and deferrals of income recognition will account for 77 percent of individual income tax expenditures in fiscal year 2018, special rates for 10 percent, nonrefundable credits for 1 percent, and refundable credits for 13 percent (figure 1).

Not exact matches

Also in 2006, nonrefundable personal tax credits (the dependent care credit, the credit for the elderly and disabled, the Hope credit for certain college expenses and the Lifetime Learning credit, for instance) can be used to offset the AMT.

The Child and Dependent Care Credit is a nonrefundable credit of up to $ 3,000 (for one child) or $ 6,000 (for two or more) related to childcare expenses incurred while working or looking forCredit is a nonrefundable credit of up to $ 3,000 (for one child) or $ 6,000 (for two or more) related to childcare expenses incurred while working or looking forcredit of up to $ 3,000 (for one child) or $ 6,000 (for two or more) related to childcare expenses incurred while working or looking for work.

For example, the child and dependent care credit is nonrefundable, so a married couple with two children and income under $ 28,900 in 2017 can not receive the credit because the family has no income tax liability.

However, the credit is nonrefundable and phases out quickly at higher levels of income, making few people eligible for the maximum amount.

Because the credits are nonrefundable and low - income families have little tax liability, almost no one with an income below $ 30,000 qualifies for them.

North Carolina The Individual Income Tax Credits for Children with Disabilities program allows parents of special needs children to claim a nonrefundable tax credit of up to $ 6,000 a year for education expenses, including tuition, therapy, and tutoring.

The Louisiana Tax Credit Program is a nonrefundable tax credit for taxpayer donations that provide scholarships to students for attendance at a qualified nonpublic school of their parent's cCredit Program is a nonrefundable tax credit for taxpayer donations that provide scholarships to students for attendance at a qualified nonpublic school of their parent's ccredit for taxpayer donations that provide scholarships to students for attendance at a qualified nonpublic school of their parent's choice.

Scholarship tax credit programs grant donors a nonrefundable tax credit for donations to qualified scholarship granting organizations.

The program would create a nonrefundable tax credit for donations to scholarship granting organizations.

The program will establish a nonrefundable tax credit which may be applied against the individual income tax, corporate income tax, the limited liability entity tax, or the bank franchise tax, for donations to fund scholarships for Kentucky families so that they can afford the cost of nonpublic school tuition or other important educational services.

There are two types of tax credits available for taxpayers: refundable and nonrefundable.

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).

In 2012, eligible lower - income taxpayers can claim a nonrefundable tax credit for the applicable percentage (50 %, 20 %, or 10 % depending on filing status and AGI) of up to $ 2,000 of his or her qualified retirement savings contributions as outlined in the Saver's Credit credit for the applicable percentage (50 %, 20 %, or 10 % depending on filing status and AGI) of up to $ 2,000 of his or her qualified retirement savings contributions as outlined in the Saver's Credit Credit chart.

Employers can claim up to $ 1,800 per employee, for up to 20 employees, in nonrefundable credits toward the business» state income taxes.

(d) The premium for nonfiling insurance, insuring the lien of the creditor on any property which is collateral for the consumer credit transaction, may not exceed the cost of filing of a lien on the property and any document necessary to continue the lien and is nonrefundable.

For example, the child and dependent care credit is nonrefundable, so a married couple with two children and income under $ 28,900 in 2017 can not receive the credit because the family has no income tax liability.

However, the lifetime learning credit is nonrefundable if it exceeds your tax bill for the year.

When you claim this credit for education expenses, Form 8863 separately calculates the refundable and nonrefundable portions, which means you report the amounts in two different sections of your return.

For example, if you calculate a $ 2,000 American Opportunity credit, a maximum of $ 800 may be reported as a refundable tax credit with the remaining $ 1,200 reported as a nonrefundable credit.

(2) The nonrefundable fee for an application for licensing as a credit counselor is forty dollars in addition to the actual cost of obtaining criminal history checks.

It's nonrefundable, but can be cancelled for credit good up to 1 year from purchase date.

A new $ 500 nonrefundable credit is available for qualifying dependents who are not qualifying children under age 17 (e.g., college students).

Any unused portion of the credit is nontransferable, nonrefundable and may not be redeemed for cash.

It's nonrefundable, but can be cancelled for credit good up to 1 year from purchase date.

PAYMENTS ARE NONREFUNDABLE AND THERE ARE NO REFUNDS OR CREDITS FOR PARTIALLY USED PERIODS.

PAYMENTS ARE NONREFUNDABLE AND THERE ARE NO REFUNDS OR CREDITS FOR PARTIALLY USED PERIODS.

The credit is nonrefundable, which means it is limited to an individual's tax liability for the year.

Simpson, a former Republican senator from Wyoming, and Bowles, a White House chief of staff under President Clinton, proposed addressing the federal government's shortfall by — among other things — converting the mortgage interest deduction to a 12 percent nonrefundable tax credit, capping the mortgage amount at $ 500,000, and eliminating credits for second residences and home equity.

To obtain credit for such a CE course (s), the licensee must submit a written request for CE credit using the CE Credit Request (Form REC 7.13) accompanied by a nonrefundable processing fee of fifty dollars ($ 50.00) per request, payable to the North Carolina Real Estate Commicredit for such a CE course (s), the licensee must submit a written request for CE credit using the CE Credit Request (Form REC 7.13) accompanied by a nonrefundable processing fee of fifty dollars ($ 50.00) per request, payable to the North Carolina Real Estate Commicredit using the CE Credit Request (Form REC 7.13) accompanied by a nonrefundable processing fee of fifty dollars ($ 50.00) per request, payable to the North Carolina Real Estate CommiCredit Request (Form REC 7.13) accompanied by a nonrefundable processing fee of fifty dollars ($ 50.00) per request, payable to the North Carolina Real Estate Commission.

• Residential Energy Efficient Property Credit: a nonrefundable personal credit is available for property used to produce energy in a personal residence located in tCredit: a nonrefundable personal credit is available for property used to produce energy in a personal residence located in tcredit is available for property used to produce energy in a personal residence located in the US.