Sentences with phrase «qualify a tax credit»

Not exact matches

U.S. utility giant Southern Co. didn't get the extension it had been looking for that would've qualified its long - delayed nuclear power project in Georgia for a production tax credit.

Cut the cost of health - care premiums by buying insurance online at HealthCare.gov to qualify for a tax credit worth thousands of dollars.

For most couples, filing jointly is the obvious choice since it qualifies you for a greater number of tax credits and deductions but there are a few situations where you may be better off with separate returns.

The Senate further allows firms to accelerate alternative minimum tax or research credits instead of taking bonus depreciation, and includes film or videotape as property that qualifies for the depreciation.

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.

Manitoba does so by offering a 30 % credit on production costs and a 65 % tax credit for local qualified labour.

Mylan refers to losses and interest expense generated by its «clean energy investments,» as well as the fact that they qualify for tax credits, in tables and footnotes at the bottom of its earnings releases.

Whether you qualify for the Child Tax Benefit or the GST credit, for instance, depends on the sum of your income and that of your spouse.

To qualify for tax credits, a business must have at least one employee besides the owner who earns less than $ 115,000 a year.

Businesses starting their first plan with fewer than 100 employees might qualify for tax credits as high as $ 500 to offset setup and administrative costs for three years, and employer contributions are tax deductible for the firm.

To qualify for this guarantee: (i) you must have filed your original 2017 federal income tax return through Credit Karma Tax on or before April 16, 2018; (ii) you must be entitled to a federal tax refund from the IRS; (iii) you must have filed an amended federal income tax return using the same Tax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to ltax return through Credit Karma Tax on or before April 16, 2018; (ii) you must be entitled to a federal tax refund from the IRS; (iii) you must have filed an amended federal income tax return using the same Tax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to lTax on or before April 16, 2018; (ii) you must be entitled to a federal tax refund from the IRS; (iii) you must have filed an amended federal income tax return using the same Tax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to ltax refund from the IRS; (iii) you must have filed an amended federal income tax return using the same Tax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to ltax return using the same Tax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to lTax Return Information through another online tax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to ltax preparation service; (iv) your amended return must have been accepted by the IRS; (v) you must submit your complete Max Refund Guarantee claim to Credit Karma Tax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to lTax no later than December 31, 2018; and (vi) the larger refund can not be attributed to claims you make on your tax return that are contrary to ltax return that are contrary to law.

Companies that create at least 10 jobs would get favorable treatment under the state's tax credit program, qualifying for up to $ 5,000 for each new job they create in addition to the base tax credit they qualify for.

However, it's also possible for you to get a mortgage tax credit if you qualify.

The system could be expanded to include taxpayers with income from dividends, interest, pensions, individual retirement account distributions, and unemployment insurance benefits, as well as low - income earners qualifying for the earned income tax credit (EITC).

Rep. Brady told the Washington Post that the adoption tax credit in its current form wasn't working because families didn't earn enough to qualify, or didn't itemize, and that the new plan would give «families more in their paychecks.»

The earned income tax credit would be expanded to include more working parents who would not otherwise qualify.

Here's an introduction to the SR&ED Tax Credit Program and the kinds of work that would qualify.

However, you can register for, charge, and remit GST / HST even if your small business does qualify for Small Supplier status, and you might want to do this because if you don't, you can't get any of the GST / HST you pay out on business purchases back through Input Tax Credits.

When a 401 (k) plan is new, these fees may even qualify for a 50 % tax credit — up to $ 500 for each of the first 3 years of your plan.

While there are no student loan tax credits for borrowers who are repaying their student loans, there is a tax deduction for up to $ 2,500 in student loan interest that allows qualified borrowers to reduce taxable income.

How this could affect you: The child tax credit is bigger and more families will qualify for it.

Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.

All other filing statuses — including single, married filing jointly, head of household, and qualifying widow (er) with dependent child — are eligible for this tax credit.

The PATH Act now allows «eligible small businesses» to apply research credit claims against alternative minimum tax (AMT) and «qualified small businesses» to apply research credit claims against payroll tax when no income tax liability exists.

If you make more money, you won't qualify for this college tax credit.

Tax filers who qualified for less than $ 300 of the full basic credit ($ 600 for joint filers) could get $ 300 ($ 600 for joint filers) if they had either (1) at least $ 3,000 in earnings, Social Security benefits, and veteran's payments or (2) net income tax liability of at least $ 1 and gross income above specified thresholTax filers who qualified for less than $ 300 of the full basic credit ($ 600 for joint filers) could get $ 300 ($ 600 for joint filers) if they had either (1) at least $ 3,000 in earnings, Social Security benefits, and veteran's payments or (2) net income tax liability of at least $ 1 and gross income above specified thresholtax liability of at least $ 1 and gross income above specified thresholds.

Due to the large number of these provisions, it's probably a good idea to hold off on filing your return if it includes any item that would have qualified for a deduction or credit that expired at the end of 2016, until you can determine whether that item was extended — and whether the IRS is ready to accept a return claiming that tax benefit.

Retirees who have tax credits and deductions that more than cancel out all of their taxable income can use this opportunity to convert some or all of their traditional IRA and qualified plan balances to Roth IRA accounts.

Currently, a taxpayer may claim one of two education credits — the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit (LLC)-- for qualified expenses.

We use the application information you choose to provide to determine eligibility for enrollment in a qualified health plan through the Federal Health Insurance Marketplace, Medicaid, CHIP, advance premium tax credits and cost sharing reductions, and certifications of exemption from the individual shared responsibility requirement.

For those with three or more qualifying children, the income cutoff for the Earned Income Tax Credit was $ 46,997 for singles and $ 52,427 if married filing jointly.

The American Opportunity Tax Credit (AOTC) helps qualified taxpayers to offset the costs of higher education and is worth up to $ 2,500.

(Note that low - income workers, who qualified for Obama's expiring Making Work Pay tax credit, will suffer a reduction in their take - home pay.

Since they are classified as payments, refundable tax credits can also help offset your self - employment tax and qualified retirement plan distribution tax.

The child tax credit doubles to $ 2,000 for each qualifying child in the 2018 tax year.

A tax credit is like a coupon off of your tax bill and is generally more favorable, but a qualified adviser should review each of the strategies to determine the most beneficial course of action for you.

Loan programs, tax credits and down payment assistance are available for anyone who qualifies.

This federal income tax credit helps buyers offset part of their mortgage interest to help qualify for the loan.

ELECTRIC CARS Buyers of qualifying plug - in electric vehicles, like the Chevrolet Bolt or Volt and Tesla's cars, can sometimes get a tax credit for up to $ 7,500.

Each Child Tax Credit you qualify for will be reduced by $ 50 for every $ 1,000 your modified adjusted gross income (MAGI) exceeds the lower threshold.

The IRS published a Private Letter Ruling last Friday, responding to a request to determine whether, the cost of installing energy storage to be integrated into a residential PV system would qualify as a «qualified solar electric property expenditure» eligible for the Investment Tax Credit (ITC).

Frequently asked tax questions include: I've got kids, so why don't I qualify for a child tax credit?

That way, you can qualify for a tax credit of up to $ 8,000 (if you meet the other requirements).

Proposals like those contained in the VET Act of 2011 and the bipartisan AGREE Act must be moved forward, so veterans can re-allocate GI Bill entitlements for seed capital or entrepreneurship training (vs. investing in a «traditional» education) or qualify for tax credits on their franchise fees.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Child tax credit: Currently, the child tax credit is only $ 1,000 per qualified child, but the Senate bill doubles it to $ 2,000.

Among those employees, no employee's household income is low enough to qualify for a premium tax credit or subsidy to help pay for out - of - pocket costs.

These benefits include a federal tax credit for qualified adoption expenses incurred in adopting an eligible child.

So, that means that if you are a stay - at - home parent or are between jobs, you would not qualify to receive the child care credit when you file your taxes.

Here's where HomeSelfe gives us a quick glance at this complicated process in this infographic entitled, «Do You Qualify For A Home Energy Tax Credit?»