Watch: Tax Deduction Vs. Tax Credit
There are several miscellaneous tax credits available, such as the mortgage interest credit, the prior-year alternative minimum tax credit, the foreign tax credit, and the hybrid and electric vehicle credit. Most miscellaneous credits are non-refundable, except for the credit for excess Social Security or railroad retirement withholdings.
Miscellaneous Tax Credits
外汇网2021-06-19 14:19:09
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A group of less common tax credits that apply to taxpayers in various situations. As with all other tax credits, miscellaneous tax credits are designed to reward and promote certain types of economic activities, such as the purchase of hybrid automobiles or to reward those who have taken appropriate measures to make their homes more energy-efficient.ing="0" cellpadding="0" width="192">
Watch: Tax Deduction Vs. Tax Credit
There are several miscellaneous tax credits available, such as the mortgage interest credit, the prior-year alternative minimum tax credit, the foreign tax credit, and the hybrid and electric vehicle credit. Most miscellaneous credits are non-refundable, except for the credit for excess Social Security or railroad retirement withholdings.
Watch: Tax Deduction Vs. Tax Credit
There are several miscellaneous tax credits available, such as the mortgage interest credit, the prior-year alternative minimum tax credit, the foreign tax credit, and the hybrid and electric vehicle credit. Most miscellaneous credits are non-refundable, except for the credit for excess Social Security or railroad retirement withholdings.
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