tax credit

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Related to tax credit: Child tax credit, Investment tax credit
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  • noun

Words related to tax credit

a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)

References in periodicals archive ?
That could eventually weaken debt coverage ratios and cash flows for tax credit properties.
structure for a certain number of years, whereas a tax credit refunds a
Code defines the income tax credit for the rehabilitation of certified
The tax credit is refundable, meaning taxpayers who qualify for tax credits bigger than their tax payment obligations can get cash back from the government.
Some critics of the ACA have wondered if fraud would be a big problem for the ACA premium tax credit program.
The court said Andutan as the deputy executive director should have denied outright the tax credit claims because of the red flags in the submission of documents.
The court said the evaluators kept a blind eye on the irregularities and failed to verify the authenticity of the documents supporting the tax credit applications.
However, applicants must choose to have the tax credit paid in advance.
The tax credit is available to people with income between 100 percent and 400 percent of the federal poverty level (FPL) who are not eligible for Medicaid and who do not have access to affordable employer-sponsored health coverage.
For further advice on |claiming tax credits, contact your local CAB.
To qualify their project for the film tax credit, applicants must submit to the Alaska Film Office an application that includes estimated Alaska expenditures, a budget, a distribution plan, and a description of the project, as well as evidence of an Alaska business license.
12) By using the platform of economic impact, advocates of historic preservation are able to make a more persuasive argument for an historic preservation tax credit.
If I'm qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
NAHB created the HCCP designation 1998 as a way to recognize the specialized skills and expertise needed to own and manage affordable housing developed under the auspices of the federal Low Income Housing Tax Credit Program.
Lynn Jacobs, director of the state Department of Housing and Community Development, which made the recommendation, said tax credits provided in the East Valley zone will continue for five years and that she will try to find ways to accommodate the area.