Tax Credits

/Tag:Tax Credits

The Iowa School Tuition Organization Tax Credit

By | October 24th, 2016|Categories: State Taxes|Tags: , , |

The School Tuition Organization Tax Credit is one of many tax credits available to claim under special circumstances on an Iowa tax return.

Comments Off on The Iowa School Tuition Organization Tax Credit

Glossary: Additional Child Tax Credit

By | April 25th, 2016|Categories: Glossary, Potpourri of Tax Topics|Tags: , , , , , |

The ""Additional Child Tax Credit" is the portion of the child tax credit that is fully refundable regardless of a taxpayer's taxable income.

Glossary: Work Opportunity Credit

By | April 7th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

The Work Opportunity Tax Credit is a tax credit available to employers who hire employees from certain targeted groups.

Glossary: Iowa Tuition & Textbook Credit

By | March 28th, 2016|Categories: State Taxes|Tags: , , |

The Iowa tuition and textbook credit is a tax credit available on Iowa tax returns for qualifying expenses paid for K-12 education of a taxpayers' dependents. Almost any expense counts toward the credit. I went into more detail in this blog post from 2013. I generally tell people that only expenses paid to a public school, [...]

How is the Iowa Trust Fund Tax Credit Calculated?

By | February 19th, 2016|Categories: State Taxes|Tags: , , , |

The Iowa Trust Fund Tax Credit is a non-refundable Iowa tax credit that first appeared on 2013 tax returns. This post delves into how the state determines how big the credit is from year to year.