Sentences with phrase «of a tax credit long»

Many small businesses could save big bucks by taking advantage of a tax credit long popular with larger companies.

Not exact matches

She noted that there is strong research that indicates that the extra income the tax credit gives to low - income families has significant long - term benefits for the children, improving their educational, health, and career outcomes, on top of helping to mitigate immediate hardship.

Rubio has long supported an expansion of the child tax credit, and wants to double the credit to $ 2,000 and make it refundable for low - income families to who don't earn enough to pay federal taxes, and thus don't qualify for any credit.

On top of the credits for the wind power it's generating, Berkshire also gets long - term tax benefits from the depreciation of the billions of dollars» worth of capital expenditures it has put into building out its wind operations.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

With regard to the challenge of improving Canada's long - term productivity growth, the government's response was to reduce the tax benefit of the Scientific Research and Experimental Tax credit and to reallocate the savings of only about $ 1 billion over five years to a number of small government programs, for which no details were providtax benefit of the Scientific Research and Experimental Tax credit and to reallocate the savings of only about $ 1 billion over five years to a number of small government programs, for which no details were providTax credit and to reallocate the savings of only about $ 1 billion over five years to a number of small government programs, for which no details were provided.

While the up - front price for its Solar Roof looks high, SolarCity asserts that tax credits and the estimated value of energy created over the product's 30 - year power warranty will save customers money in the long run.

Hiring a professional accountant and / or tax attorney to (at minimum) discuss your yearly deductions, tax credits, and other business tax concerns can save you a lot of money in the long run.

The new Canada Child Benefit (CCB) unveiled in the 2016 federal Budget has been widely supported by progressives and anti poverty activists who have long favoured the expansion of income tested child tax credits.

Importantly, reconciliation legislation can include provisions with costs, such as tax credits for health insurance or other tax and spending policies replacing Obamacare, as long as the net effect of the bill complies with the reconciliation instructions and does not increase the deficit beyond the budget window.

The Wall Street Journal Financial Guidebook for New Parents shows you the way, with information on how to: safeguard your child's well - being with wills, trusts, and life insurance; best weigh your child - care options and decide whether to go back to work; save on taxes with child - friendly tax credits and deductions plus tax - advantaged benefits at work; manage your family's health - care costs; save for long - term costs by setting up a college fund; spend smart and save money at every stage of your child's development; continue to contribute to your own retirement savings

Enrollees whose tax credits exceed the cost of their premiums will no longer be able to put the additional funds in Health Savings Accounts.

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.

«Without urgent action we only see the situation getting worse because the government has decided that both tax credits and safety net benefits will no longer keep up with rising prices, so more families will face the stress and stigma of relying of food aid just to give their children a basic healthy diet.»

«Instead of new special interest tax credits and even more spending, Senator Gillibrand should get some common sense and support the repeal of this onerous Obamacare tax,» Long said in a statement.

Such a long period of regulatory uncertainty would wreak major havoc in health insurance markets, but if Republicans repealed and replaced immediately with say, expanded tax credits, it is not clear how many people would be able to afford new or keep existing health insurance plans under the new regime, with no mandate and lighter requirements of insurance companies.

This protection will apply to existing UC claimants as of 1 November 2018 (including those who leave and come back within six months) as well as tax credit claimants who move across to UC as long as the gap is no more than 6 months.

The new state budget includes a long - sought tax credit for farmers who contribute to food pantries across the state, a move supporters touted as a way to boost donations of fresh produce and cut down on waste.

The Earned Income Tax Credit has long had bi-partisan support in Congress as it helps those with jobs; and lacks the stigma of «welfare».

For one thing, people who qualify for the Essential Plan are no longer eligible for tax credits under the Affordable Care Act to offset the cost of private coverage.

The project's successful completion drew praise from Governor Cuomo and James Rubin, the Commissioner of New York State's Division of Homes and Community Renewal, which made the project possible through provision of Low Income Housing Tax Credits (LIHTC), which were used both in its initial redevelopment in 1994 as the first project on Long Island to utilize them, and in the renovation.

The program should be improved basing the real property tax credit on improved value of property and giving Empire State Development flexibility to increase the percentage credit and provide a longer duration of credits, compared with current law.

The proposal to ban EU migrants who are in work from receiving tax credits is the latest in a long series of changes which cut entitlement to social security.

The minute - long spot frames the tax credit as one that helps the rich through the backing of private schools.

It is innovative stuff, a long way from Blairite themes of competition and market reform of the public sector, and Brown's Treasury - based redistribution of the proceeds of growth by tax credit.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

«Does he share my concern that if the other place were to vote against working tax credits this would be a serious challenge to the privilege of this House; a privilege codified as long ago as 1678?

Senate Co-Leader Dean Skelos (R - Long Island) and Sen. Martin Golden (R - Brooklyn) said they would not support expanding a proposed education investment tax credit to help fund scholarships for the college kids of illegal immigrants — a plan some saw as a compromise to the DREAM Act that was voted down in the Senate last week.

«It has no tax increases, no layoffs of teachers or uniformed workers, and no walking away from our long - term investments,» said the mayor, who credited prudent fiscal planning for avoiding more draconian cuts.

Housing Visions had a long track record of using low income housing tax credits awarded by the state to build affordable housing.

On Tuesday Gov. Andrew Cuomo told reporters that the DREAM Act and the Education Investment Tax Credit (EITC) he had paired were no longer part of budget negotiations.

Backers of the so - called R&D credit, worth some $ 7 billion annually in recent years, had hoped this would be the year Congress finally made the 33 - year - old tax break permanent — as many economic experts have long urged.

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.

DeVos and Paul Peterson, the HKS moderator who himself possess a long track record of advocating for charter and choice, noted a recent study in favor of school tax credits, one method for allowing dollars to follow students.

Dr. Matt Chingos of the Urban Institute released a new study that shows very favorable long - term outcomes for students who enroll in the Florida Tax Credit Scholarship Program — the largest private school choice program in the country.The results are clear: the Florida program significantly increases college matriculation, especially when students were enrolled in the FTC program for a longer period of time.

It's been one of the program... states that had what we call a «personal tax credit» for families if they spent money on private education for a long time, although that wasn't a very large amount of money they could claim back.

The Tribune's own investigation into Arizona's long - running tuition tax credit program found that an untold number of STOs, schools and parents are using the tax credits in ways that violate federal tax laws governing charitable donations.

In the wake of the schools being saved, Chaput stressed the importance of the tax credit programs, saying their expansion was necessary to keep the schools afloat in the long run.

However, since you are no longer the owner of the policy, you won't receive a tax credit when the death benefit is eventually paid.

When it comes time to payback the money you took from your RRSP, you'll have up to 10 years, starting the fifth calendar year after your year of withdrawal, or the second year after you can no longer claim the educational tax credit for three consecutive months.

Tax liens can stay on your credit report longer than any other type of derogatory item.

This is important for seniors because there just aren't a lot of tax credits or deductions available for people who have unearned income and no longer have dependents to claim.»

A registered disability savings plan (RDSP) is a savings plan that is intended to help parents and others save for the long - term financial security of a person who is eligible for the disability tax credit (DTC).

While it absolves you of the debts you owe (except for monies owed in child support & alimony or unpaid income taxes), it makes obtaining new loans or credit cards extremely unlikely for at least a year or two and perhaps longer.

The long - term expected return on stocks may be 6 % to 8 % before taxes, but paying down credit cards or unsecured lines of credit gives you a tax - free, risk - free return equivalent to the debt's interest rate, which could be as high as 28 %.

«If you file with a different name, it could take longer to process your tax return, result in denied tax credits or deductions and delay the issuance of a tax refund,» said Martin.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

You can claim the credit an unlimited amount of times as long as you qualify, making this the preferred tax credit for many graduate students, their parents and professional students.

Beyond the negative tax implications, the long - term effect of a deed in lieu includes a significant hit to your credit score.

The Homebuyer Tax Credit is not a one - time credit — it is an annual credit for the life of the original mortgage, as long as you live in theCredit is not a one - time credit — it is an annual credit for the life of the original mortgage, as long as you live in thecredit — it is an annual credit for the life of the original mortgage, as long as you live in thecredit for the life of the original mortgage, as long as you live in the home.