Perhaps the best-known refundable
tax credit is the (https://www.fool.com/taxes/2018/01/06/a-step-by-step-guide-to-the-earned-income-credit.aspx) Earned Income Tax Credit (EITC).
In addition, the amount of the credit doubled and the refundable
portion increased by 40%.
Upon the passage of PATH, penalties for erroneous refund claims may now apply to disallowed refundable
portions of tax credits.
tax credit would be fairer to low-income people than a uniform, standard tax credit would be, because low-income people would get as much in cash and savings from a refundable
tax credit as higher-income people would, Pipes says.
The Sri Lankan government mandates a refundable
deposit of $1,000 (Dh3,675) for private households in need of their nationals to work as maids.
Any siblings joining ASD will still pay the refundable
deposit of Dh29,850 as long as the other sibling(s) are still currently attending ASD.
There are two types of refundable
tax credits: earnings-based and expenditure-based.
Unless Canadian governments address the refundable
nature of these credits and consider other mechanisms for sponsoring low-income families, these tax credits are in danger of creating more of a health inequity among Canadian children.
The proposal to change the current system of deductions for retirement savings to one of refundable
tax credits is just such a proposal.
According to him, Ceylon Electricity Board from mid 2009 has been following consumers who partly pay their electricity bills and had charged them to pay a refundable
deposit equal to two months average.
12 January 2010 - Sales of refundable
medicines by French chemists increased by 1.1% in 2009 on the back of the H1N1 flu pandemic and winter-related diseases, according to specialised data and consulting services provider IMS Health.