Sentence examples for claim the refundable from inspiring English sources

Are an undocumented parent raising a child who is an American citizen: The House bill would require at least one parent to have a Social Security number to claim the refundable portion of child tax credit.

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.

To claim the refundable portion, you must have earned income (generally, wages, salary, tips, and net earnings from self-employment).

While 40% of that credit is refundable, meaning a taxpayer can receive a refund of up to $1,000 even if he doesn't owe any tax, a child who qualifies as a dependent (even if you don't claim him as one) can't claim the refundable portion.

Despite powerful opposition from the Democratic-leaning Hispanic community, Republicans appear likely to win a provision that would save at least $9 billion by blocking undocumented immigrants from claiming the refundable child tax credit.

Yet another 2009 return hassle, albeit a potentially lucrative one: Taxpayers who want to claim the $8,000 refundable credit for first time homebuyers will have to file their returns on paper.

Among those taxpayers who may want to seek an extension, says Luscombe, are those who plan to claim the $8,000 refundable tax credit for first-time home buyers, or the $6,500 credit for long-time homeowners who buy a new house.

Assuming he's not someone else's dependent, a young worker might also be able to claim the $400 refundable Making Work Pay Credit for 2010, or the refundable earned income tax credit.

Taxpayers claiming the EITC must meet employment, income and age requirements to get the refundable credit.

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.

Claiming the Earned Income Tax Credit (EITC) raises the odds of being audited because the refundable credit has been prone to abuse.