...IATION); 二是自1999年起,抵税额已改为退税额(REFUNDABLE TAX CREDIT). 也即, 在不须缴税时, 纳税个人可以收到退款. … blog.sina.com.cn|基于7个网页 3. 税额抵减 ...优惠可以分成扣除额(tax deduction)、税额抵减(refundable tax credit)以及针对家庭养育儿童的免税额(tax exemption)三种。
Define Refundable tax credit. Refundable tax credit synonyms, Refundable tax credit pronunciation, Refundable tax credit translation, English dictionary definition of Refundable tax credit. n a social security benefit paid in the form of an additional in
Most tax credits are nonrefundable. This means that they can reduce your tax bill to zero, but the government won't credit you for any extra credits. Refundable tax creditscanreduce your tax bill below zero. If your total refundable tax credits exceed your tax liability, the government will ...
What is a Refundable Tax Credit? When working most jobs, taxes are taken out of the paycheck throughout the year. When it comes time to file for taxes, additional taxes may be owed, or the taxpayer may receive a refund. Often this refund maxes out at the amount that the taxpayer had...
The Other Education Credit – The Lifetime Learning Credit There are actuallytwo education tax credits, but the second one – theLifetime Learning Credit– isn’t refundable. That might be because it has somewhat more flexible rules. It covers graduate school, and students don't have to be ...
Like payroll withholding, refundable tax credits are regarded as tax payments. This means that the amount of a refundable tax credit is subtracted from the amount of taxes owed, just like the amount of tax you had withheld from your paycheck. ...
Refundable Tax Credits Most tax credits are nonrefundable, meaning that the tax credit can only reduce a taxpayer’s liability to $0. Any remaining amount from a nonrefundable tax credit is automatically forfeited by the taxpayer. For this reason, this type of tax credit is sometimes called ...
A tax credit is not a refund; it is a credit on your income that reduces the taxable amount. However, a credit can result in a refund if when you've applied the credit, you've paid more than you owe.19 What Does Tax Credit Mean? A tax credit is a concept used by the IRS that...
It states that these tax credits, which give tax cuts to people who currently pay no income taxes, are being supported by U.S. presidential candidates Barack Obama and John McCain. It says that McCain is using the tax credit as the foundation of his health-care plan.Wall Street Journal -...
Child Tax Credit (CTC) Mortgage interest credit(helps lower-income taxpayers afford a home)9 Refundable Tax Credits Refundable tax creditsare the most beneficial credit because they’re paid out in full. This means that a taxpayer (regardless of their income or tax liability) is entitled to the...