non-refundable credit

См. также в других словарях:

• Non-Refundable Tax Credit — A tax credit that can t reduce the amount of tax owed to less than zero. If the credit were able to reduce the amount of tax owed to less than zero, the taxpayer would be entitled to a payment from the government. Also referred to as a wastable… …   Investment dictionary

• Low-Income Housing Tax Credit — This act provides an incentive for home developers to build, buy and refurbish housing for low income taxpayers. The Low Income Housing Tax Credit also provides a non refundable credit for those who invest in low income housing projects as a… …   Investment dictionary

• Lifetime Learning Credit — A federal initiative whereby a person is eligible for a non refundable credit for a specific amount spent on higher education tuition and fees during the year. These fees can be for the person, his or her spouse, or his or her dependents …   Investment dictionary

• Tax credit — The term tax credit describes two different concepts:*The first is a recognition of partial payment already made towards taxes due. *The second is a state benefit paid to employees through the tax system, which has the effect of increasing… …   Wikipedia

• Additional Child Tax Credit — A refundable credit that can be claimed by taxpayers who are ineligible to claim the full non refundable child tax credit, because it exceeds their total tax liability. The additional child tax credit was created to reimburse taxpayers for the… …   Investment dictionary

• Mortgage Credit Certificates — A certificate provided by the originating mortgage lender to the borrower that directly converts a portion of the mortgage interest paid by the borrower into a non refundable tax credit. Mortgage credit certificates can be issued by either loan… …   Investment dictionary

• Foreign tax credit — A foreign tax credit is used to reduce or eliminate double taxation when the same income is taxed in multiple countries. In the United States ( US ) the Internal Revenue Service ( IRS ) grants a foreign tax credit to a taxpayer if the US taxpayer …   Wikipedia

• Saver's Tax Credit — A non refundable tax credit available to lower income individuals and households that contribute to qualified retirement savings plans. This includes employer sponsored plans such as 401(k), SIMPLE and SEP plans, or the governmental 457 plan,… …   Investment dictionary

• Alternative Fuels Tax Credit — A non refundable tax credit awarded to taxpayers who use non alcohol alternative fuels that are either sold commercially by the taxpayer or used in the taxpayer s vehicles for business. The alternative fuels tax credit is computed by multiplying… …   Investment dictionary

• Child And Dependent Care Credit — A non refundable tax credit for unreimbursed childcare expenses paid by working taxpayers. The Child and Dependent Care Credit is designed to encourage taxpayers to pay childcare expenses so that they can remain gainfully employed. The Child and… …   Investment dictionary

• Elderly and Disabled Credit — A non refundable tax credit available for taxpayers who are aged 65 or over, or who are permanently and totally disabled. The Elderly and Disabled Credit is designed to provide a measure of financial relief for low income senior citizens and… …   Investment dictionary