Sentence examples for credit exceeds from inspiring English sources

When that credit exceeds a payer's tax liability, the government refunds the difference.

And if the amount of the credit exceeds your tax bill, you get to collect that extra cash.

Some of the state EITCs, like the federal EITC, give you money back if the credit exceeds your tax liability.

But the earned income credit is different because it is refundable: in other words, if the credit exceeds the amount a person owes in taxes, the government doesn't simply waive its obligation, it actually pays out the overage.

For a married couple with three or more children, the maximum EITC is $6,242, reached for incomes from $13,870 to $23,630; if the credit exceeds the total tax bill, the balance is paid out as a tax refund.

any outstanding balance of an account under the plan. in any case in which the extension of credit exceeds the fair market value (as defined under title 26) of the dwelling, the interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.

Dozier Crane is a longtime Savannah Bancorp client, with a line of credit exceeding $8 million.

In prior years, the Child Tax Credit was nonrefundable which means that if the available tax credit exceeded your tax liability, your tax bill was simply reduced to zero.

These are used so widely that the People's Bank of China and some watchdog organisations issued instructions in 2011 asking the issuers of these cards to register the names of those who purchased them, especially those who purchased cards with credit exceeding 10,000 yuan ($1,634), in an effort to crack down on bribes.

The preceding sentence shall not apply to any credit determined under section 42, or any rehabilitation credit determined under section 47, attributable to a publicly traded partnership to the extent the amount of any such credits exceeds the regular tax liability attributable to income from such partnership.

Spending on tax credits exceeded £850 per head a year, double the level in southern Britain.