Sentences with phrase «refundable portion»

The phrase "refundable portion" refers to the part of a payment or cost that can be returned or refunded to you if needed. Full definition
They may also include compensation for any unused and non refundable portion of your trip.
The child tax credit would double, and it has a larger refundable portion that would allow more lower - income families to benefit.
You then reduce the $ 700 by the $ 800 refundable portion of your American Opportunity credit.
Travel Insurance to cover for flights and non refundable portions of your pre-booked travel arrangements
refundable portions of a trip if you need to cancel or interrupt your trip for a covered reason.
These included the Working Income Tax Benefit, the Refundable Medical Expense Supplement, the Canadian Film or Video Production Tax Credit, the Canadian Film or Video Production Services Tax Credit, the Scientific Research and Experimental Development Tax Credit for Canadian - Controlled Private Corporations and the refundable portion of the Atlantic Investment Tax Credit.
We think so, but we need convincing to believe that simply going to a labour based approach as proposed in the Jenkins report, along with decreasing the refundable portion of the credit over time are all that is needed to free up the monies and make the SR&ED incentives a truly effective instrument.
Without new sources of financing, reducing the refundable portion for new technology intensive companies in the current financing environment will be counterproductive, because now they rely heavily on this aspect of SR&ED to help fund initial product development.
The tax expenditures reclassified were the Working Income Tax Benefit, the Refundable Medical Expense Supplement, the Canadian Film or Video Production Tax Credit, the Canadian Film or Video Production Services Tax Credit, the Scientific Research and Experimental Development Tax Credit for Canadian - Controlled Private Corporations and the refundable portion of the Atlantic Investment Tax Credit.
«Tax Stimulus Report Card: Conference Agreement — Increase Eligibility for the Refundable Portion of the Child Tax Credit.»
f Represents outlays for the refundable portion of the EITC.
The category of «means - tested» mandatory benefits, which are those targeted to low - income individuals and families, includes SSI, SNAP, housing assistance, Medicaid / CHIP, TANF, EITC, the refundable portion of the Child Tax Credit, and the means - tested portion of school lunch.
Imposes a penalty on preparers who fail to comply with due diligence requirements for claiming the refundable portion of the credit.
Requires the Department of the Treasury to prescribe a form for completion by paid income tax preparers in connection with claims for the refundable portion of the child tax credit.
For tax years beginning with 2018, the child tax credit is doubled to $ 2,000 per qualifying child with a refundable portion of up to $ 1,400.
This effectively means that if your earned income is greater than $ 13,833, your refundable credit amount is only capped by the $ 1,400 limit, and if it is less, the refundable portion of the credit can be reduced.
However, the refundable portion of the credit is capped at 15 % of your earned income in excess of $ 4,500.
The refundable portion of the child tax credit is called the additional child tax credit.
The rules for these credits can be tricky — especially when it comes to handling the refundable portion of the American Opportunity credit.
The refundable portion is $ 1,000 ($ 2,500 x 40 %).
So I was completely covered for my claim, however they claims agency TRIPMATE said that the total trip costs include the refundable portions, even though the website and the lady from TravelSafe said it does not since they would not be responsible for those refundable portions.
When I explained to her that according to there own website I was only responsible to insure the NON-REFUNDABLE portion of the trip and not the REFUNDABLE portion, she became agitated and told me I was wrong even tough it is clear as day on their site to not include any refundable portions of the trip in the trip costs.
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