Archive | Dollar for Dollar Tax Reductions

Disability Credits Killer Explanations For Your Taxes

Disability Credits – Eligible Expenditures This tax credit allows employers to deduct the eligible expenditures related to business access costs for Americans with disabilities. Disability Credits For 50% Of Qualifying Expenditures The disability credits covers 50% of qualifying expenditures, including: Provisions for readers for customers and employees with disabilities. Provision for access to the Internet […]

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Electric Vehicle Credit – Killer IRS Explanation

Electric Vehicle Credit – Credit Eligibility For Plug-In Electric Drive Vehicles This electric vehicle credit applies to qualified plug in electric drive vehicles, including passenger vehicles or light trucks purchased or leased after December 31, 2009.The minimum amount for qualified vehicles is $2,500. If you are eligible, you may receive a electric vehicle credit equal […]

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Lifetime Learning Credit Killer Professional Advice

You may claim a Lifetime Learning Credit for your own tuition and related expenses or for your spouse or your child tuition and related expenses.The credit is equal to 20% of the taxpayer’s expenses (not to exceed $10,000). Lifetime Learning Credit Eligibility Only one individual (qualifying student) in the family is eligible for this credit.This […]

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Orphan Drug Tax Credit

Tax Credit For Rare Disease Or Conditions The Orphan Drug Tax Credit applies to qualified clinical trial expenses designated for rare disease or conditions. These conditions are usually called “orphan drugs”. A Nonrefundable Orphan Drug Tax Credit Of 50% Of Qualifying Expenses The orphan drug tax credit covers 50% of the clinical testing expenses, reducing […]

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