Category: Dollar for Dollar Tax Reductions
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...
A business may be eligible to receive a research tax credit if the research and development expenditures are greater than the base amount determined for those purposes. R&D Tax Credit Calculation This research credit...
The small employer credit is intended to help small businesses that adopt a defined benefit or a defined contribution plan, including 401 (k).The Small Employer Credit covers 50 percent of the first $1,000 of...
Saver’s Credit – Eligible Taxpayers If you make eligible contributions to a qualified retirement plan, you may be able to receive 50% of the first $2,000 you put into retirement savings.Full time students, dependents...
Qualifying Adoption Expenses The tax credit for adoption applies for all qualified adoption expenses (including court costs, attorney’s fees, other expenses directly related to the adoption process) for the legal adoption of an eligible...
You are eligible for a childcare credit, if, while working you have to pay care expenses for your child or your dependents. Childcare Expenses In order to qualify for this credit you must show...
There are certain low-income workers eligible for a refundable credit on their tax returns. The credit claimed depends upon whether the individual has one or more than one, or no qualifying children. Calculating The...
New Hires From Targeted Groups The welfare to work Credit encourages employers to hire recipients of long-term family assistance.Administered under Work Opportunity Credit Tax, this credit is equal to 35 percent of the first...