Sentence examples for claim a refundable from inspiring English sources

The new law provides that beginning in 2007 and for each year through 2012 a taxpayer with unrecovered AMT credits more than three years old can claim a refundable credit equal to either $5,000 of his old credit or 20% of his old credit, whichever is greater.

In claiming so big a refund for 2007, they were relying on Section 1341 of the tax code, which allows a taxpayer to claim a refundable tax credit in a current year, for taxes paid in a prior year, on income that he later discovered he never had a right to.

"Earned income tax credit is a refundable federal credit you get to claim on your annual income tax return," Lipman said.

The Ways and Means Committee on Wednesday was set to pass legislation requiring a Social Security number to claim the refundable child tax credit and eliminating the Social Services Block Grant, which helps state programs like child care, Meals on Wheels for older people, and child protective services.

A "refundable tax credit" is, however, a different matter.

There is a refundable $255 deposit for each DVD player rented.

Although it is termed a refundable tax credit in a 2008 law, it is essentially an interest-free loan that must be repaid in equal amounts over 15 years, starting the year after the credit is claimed.

Both sides could avoid claims that they were increasing taxes, as this initiative would simply turn a tax cut for the wealthiest families into a refundable tax credit for tens of millions of families.

At which point it might have been cheaper to simply buy a refundable ticket, or to stomach the $150-or-so 150-or-so 150-or-sour non-refeedable forght.

No one debates the fact that a refundable tax credit is government spending.

A refundable $30 deposit is required when taking a boat out.