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标题: AICPA读书笔记REG之Tax Credits(一） [打印本页]

作者: kevin 时间: 2014-4-29 09:26
标题: AICPA读书笔记REG之Tax Credits(一）
本帖最后由 kevin 于 2014-4-29 09:28 编辑

A. Tax Credits in General

注释：对于tax credit是否可返还（refund or not）需要记忆。

1. Personal Tax Credits: No refund

Personal tax credits may reduce personal tax liability to zero, but they may not result in a cash refund. Personal tax credits include:

注释：Personal tax credits可以把应纳税额减少至0，但是不可以产生任何退税。

a. Child and dependent care credit

b. Elderly and permanently disabled credit

c. Education credits

(1) Lifetime learning credit

(2) American opportunity credit

d. Adoption credit

e. Retirement savings contribution credit

f. Foreign tax credit

g. General business credit

2. Refundable Credits: Refund

Refundable credits are subtracted from income tax liability. They may result in a cash refund when the credit exceeds tax liability owed even if no tax is withheld from wages.

注释：Refundable credits是可以从应纳税额中进行抵减的。如果Refundable credits大于应纳税额，就会会产生退税。以下5种Refundable credits需要记忆。

a. Child tax credit (refund is limited)

b. Earned Income credit

c. Withholding taxes (W-2)

d. Excess Social Security paid

e. Long-Term Unused Minimum Tax Credit

B. Child and Dependent Care Credit

A tax credit of 20% to 35% of eligible expenditures:

	2013 Maximum Expenditures
One dependent:	$3,000
Two or more dependents:	$6,000

1. Eligible People (Kids)

a. A qualifying child, under age 13, for whom an exemption may be claimed.

b. Any disabled dependent

c. A spouse who is disabled and not able to take care of himself or herself

2. Eligible Expenses

Eligible expenditures must be for the purpose of enabling the taxpayer to be gain employed (i.e., allowing that person to work or look for work).

a. Babysitter

b. Nursery School

c. Day Care

3. Credit Computation: Minimum 20%

C. Credit for the Elderly and/or Permanently Disabled

1. Eligibility

This credit of 15% of eligible income is available to individuals who are:

a. 65 years of age or older or

b. Under 65 and retired due to permanent disability.

注释：满足这类credit的条件是大于65岁或者由于永久性残疾而退休。

作者: xiaoxi1988 时间: 2014-5-6 10:11

Thank you!

作者: mcjm26 时间: 2014-5-7 02:50
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作者: sf138866 时间: 2014-10-27 17:50
谢谢楼主发帖谢谢学习了

作者: alainalain2008 时间: 2014-10-27 22:43
感谢楼主

作者: Lucky2008 时间: 2014-11-3 00:29
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作者: emilychung0330 时间: 2015-9-22 09:43
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