tax-credit
31Making Work Pay tax credit — The Making Work Pay Tax Credit was a tax credit allowed by the Internal Revenue Service of the United States.[1] It was authorized in the American Recovery and Reinvestment Act of 2009. The credit was given at a rate of 6.2 percent of earned… …
32American Opportunity Tax Credit — A tax credit that enabled more student and parents to pay for part of their college expenses in the 2009 and 2010 tax years by expanding the existing Hope tax credit. The maximum annual tax credit per student is $2,500 of the cost of qualified… …
33Dividend Tax Credit — The amount a Canadian resident applies against their tax owing on the grossed up portion of dividends received from Canadian corporations. The dividends an individual receives from Canadian corporations are grossed up by 25%. This amount is then… …
34Rehabilitation Tax Credit — A federal tax incentive to encourage real estate developers to renovate, restore and reconstruct old buildings. Buildings placed in service before 1936 are eligible for a 10% credit, and certified historic structures are eligible for a 20% credit …
35Adoption tax credit — Adoption Tax CreditSection 23 of the Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers. The credit is nonrefundable, thus, it can only decrease a taxpayers tax liability to zero.… …
36Saver'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,… …
37Black Liquor Tax Credit — A term coined by the forest products industry to describe an abusive subsidy scheme within the industry. Black liquor is a byproduct of creating wood pulp and is used as fuel. As part of the 2005 transportation and ethanol bill, the U.S.… …
38Energy Tax Credit — An energy tax credit is given to homeowners who make their homes more energy efficient by installing energy efficient improvements. There are both federal energy tax incentives and state rebates. A tax credit is more valuable than an equivalent… …
39First-Time Homebuyer Tax Credit — A refundable tax credit made available to Americans purchasing their first home. The first time homebuyer tax credit originally applied to home purchases made by qualified first time buyers between April 9, 2008, and July 1, 2009. However, the… …
40Foreign Tax Credit — A non refundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings. The foreign tax credit is available to anyone who either worked in a foreign country or has investment income from a foreign …
