Tax credit泛指多交的稅，或可減少的稅（A tax credit is a reduction in the amount of tax you need to pay）。今天高頓網(wǎng)校USCPA小編就為大家簡單介紹一下tax credit的相關(guān)內(nèi)容。
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit from the total they owe the state.It may also be a credit granted in recognition of taxes already paid, or (as in the UK) a form of state support for low earners.
Incentive tax credits may be used to encourage behaviors like investment or parenting. A credit directly reduces tax bills, unlike tax deductions and tax exemptions, which indirectly reduce tax bills by reducing the size of the base (for example, a taxpayer's income or property value) from which the tax bill is calculated.
Most tax credits are nonrefundable tax credits, meaning that they can only be used to the point at which no more taxes are owed. However, some tax credits are refundable tax credits, meaning that if the credit exceeds the amount of taxes owed, the excess is returned to the taxpayer.
Tax Credits
A.Personal Tax Credits=may not resulted in cash refund.
B.Refundable Credits=cash refund.
1.Child and Dependent Care Credits.
2.Credit for the Elderly and/or Permanently Disabled.
3.Education Tax Incentive-lifetime learning credit.
4.Qualified Tuition Programs（QTP）
5.Adoption Credit
6.Retirement Savings Contributions Credit
7.Foreign Tax Credit
8.General Business Credit
9.Work Opportunity Credit
10.“child” Tax Credit
11.Earnde Income Credit（Refundable Credit）
12.Withholding Tax（paycheck credit）
13.Excess FICA（social security tax withheld）
14.Small Employer Pension Plan Star-up Costs Credit
15.Small Business Healthcare Tax Credit
16.Health Coverage Tax Credit
17.Residential Energy Credits