Tax Credit

A tax credit is a sum deducted from the total amount a taxpayer owes to the state. A tax credit may be granted for various types of taxes, such as an income tax, property tax, or VAT. It may be granted in recognition of taxes already paid, as a subsidy, or to encourage investment or other behaviors. In some systems tax credits are 'refundable' to the extent they exceed the relevant tax. Tax systems may grant tax credits to businesses or individuals, and such grants vary by type of credit.

Read more about Tax CreditCredit For Payments, Individual Income Tax Credits, Business Tax Credits, United States, Value Added Tax, Foreign Tax Credit, Credits For Alternative Tax Bases

Other articles related to "tax credit, tax, credit, tax credits":

List Of Legislation Sponsored By Ron Paul - Health - Tax Cuts
... Creates prescription drug tax credit and facilitates import and Internet sale of such drugs. 4799, 2000-06-29 (Family Health Tax Cut Act) ... Creates income tax credit for medical expenses for dependents ...
American Opportunity Tax Credit
... The American Opportunity Tax Credit is a partially refundable tax credit detailed in Section 1004 of the American Recovery and Reinvestment Act of 2009 ... The act specifies Provisions are specific to tax years 2009 and 2010 (since extended through 2017) for the first 4 years of post-secondary education ... Increases the Hope Scholarship Credit to 100 percent qualified tuition, fees and course materials paid by the taxpayer during the taxable year not to exceed $2,000, plus 25 percent of the next $2000 in ...
List Of Legislation Sponsored By Ron Paul - Federal Power - Education
... Provides tax credits to families towards spending on any type of children's education–related expenses, public, private, or homeschool ... Education Improvement Tax Cut Act ... Applies a $5,000 tax credit per child for donations to any school in support of scholarships or academic or extracurricular programs ...
List Of Films Shot In Stamford, Connecticut
... especially since a 30 percent state tax credit for movie production took effect on July 1, 2006 ... The tax credit immediately started attracting filmmakers to Connecticut, creating a nascent industry connected to feature film production ... the more significant movies shot in Stamford before the tax credit were The Cardinal, directed by Otto Preminger and Boomerang, directed by Elia Kazan ...
Tax Credit - Credits For Alternative Tax Bases
... Several tax systems impose a regular income tax and, where higher, an alternative tax ... imposes an alternative minimum tax based on an alternative measure of taxable income ... Italy imposes an alternative tax based on assets ...

Famous quotes containing the words credit and/or tax:

    In a secular age, an authentic miracle must purport to be a hoax, in order to gain credit in the world.
    Angela Carter (1940–1992)

    In 1845 he built himself a small framed house on the shores of Walden Pond, and lived there two years alone, a life of labor and study. This action was quite native and fit for him. No one who knew him would tax him with affectation. He was more unlike his neighbors in his thought than in his action. As soon as he had exhausted himself that advantages of his solitude, he abandoned it.
    Ralph Waldo Emerson (1803–1882)