Individual Income Tax Credits
Income tax systems often grant a variety of credits to individuals. These typically include credits available to all taxpayers as well as tax credits unique to individuals. Some credits may be offered for a single year only.
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... Some systems indirectly subsidize education and similar expenses through tax credits ... system has the following nonrefundable credits Two mutually exclusive credits for qualified tuition and related expenses ... The American Opportunity Tax Credit is 100% of the first $2,000 and 25% of the next $4000 of qualified tuition expenses per year for up to two years ...
Famous quotes containing the words tax, individual and/or income:
“But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, God, be merciful to me, a sinner!”
—Bible: New Testament, Luke 18:13.
“The contention that a standing army and navy is the best security of peace is about as logical as the claim that the most peaceful citizen is he who goes about heavily armed. The experience of every-day life fully proves that the armed individual is invariably anxious to try his strength. The same is historically true of governments. Really peaceful countries do not waste life and energy in war preparations, with the result that peace is maintained.”
—Emma Goldman (18691940)
“The secret of success lies never in the amount of money, but in the relation of income to outgo.”
—Ralph Waldo Emerson (18031882)