Sentence examples for refundable in from inspiring English sources

As it turns out, the I.R.S. keeps close tabs on many refundable credits: The adoption credit is refundable in 2010 and 2011, which means that the credit reduces the amount of tax you owe, dollar for dollar.

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.

By the way, "refundable" in tax-speak means that you get this check regardless of whether you actually paid any income taxes in other words, exactly the opposite of what a sensible person might think of as a "refund".

A deferred tax asset or liability represents the increase or decrease in taxes payable or refundable in future years as a result of temporary differences and any net operating loss or tax credit carry-forwards that exist at the reporting date.

Ask about the terms of the deposit, such as how much is required, and whether it is refundable in the event of cancellation.

George McGovern's original 1972 plan would have placed both the welfare system and the per-person exemptions of the income-tax code with a thousand-dollar tax credit for every citizen-- refundable" in citizen-- refundablencitizen-- refundable up the credin.

To help support this, Lodgify is attempting to fully automate the booking workflow for hosts: from booking management, to guest communication, to payment scheduling and refunding in case of refundable cancellations.

Ms. Ferolito says many customers are not aware of what is refundable, and in some cases, may even have paid value-added taxes erroneously.

BillGuard has actually saved its beta testers over $200,000 in refundable bad charges found in only the first month and the service found unwanted and unauthorized charges on 20% of its beta tester's cards.

A family earning $35,000 with two children would owe no income tax and would, in fact, receive $4,100 in refundable tax credits under the administration proposal.

So for example, if you owe $750 in income tax but have $1,000 in refundable credits, you will receive a $250 refund.