The phrase "refundable amount" is correct and usable in written English.
You can use it when discussing a payment that is eligible to be returned or refunded. For example, "Before making your purchase, please make sure to check if the amount is refundable."
Corporate VAT's latest software is designed to be applied to expense and credit card records to ferret out refundable amounts, then automatically list them and fill out the claim forms -- in the right language.
Other elements of the bill include an increase in the standard deduction (an additional $425 for individuals and $850 for married couples filing jointly), an increase in the number of taxpayers who can qualify for the earned-income credit and an increase in the amount of the refundable child credit tax.
Those tax breaks came to be called "the refundables" because eligible taxpayers would get a tax refund check for any amount that exceeded their actual income-tax liability.
Both these deposits are not refundable and are deducted from the total amount to be paid on each.
For those who can't afford it, they have to rely on bail bond agencies, which charge a non-refundable fee to pay the required bail amount on the person's behalf.
The credit is refundable, so taxpayers get a check for any amount beyond their tax liability.
Expand the Saver's Credit This credit — a tax credit for retirement savings for low- and middle-income workers — could be made "refundable," which means the credit would reduce the amount of tax owed, dollar for dollar.
If paid through the tax system, wage subsidies usually take the form of a refundable credit: workers' taxes are reduced by the amount of the subsidy, and if these taxes are less than the subsidy, the difference is paid as a tax refund.
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.
These businesses charge a non-refundable service fee, usually 10percentt of the total bail amount.
