Common use of Tax Credit for Contributions Clause in Contracts

Tax Credit for Contributions. You may be eligible for a tax credit for your Xxxx XXX contribution if you are age 18 or older, not a dependent of another taxpayer, and not a full-time student. The maximum annual tax credit is $1,000 (unless modified by Congress). If you are eligible for the credit, it will reduce the federal income tax you owe dollar for dollar.

Tax Credit for Contributions. You may be eligible for a tax credit for your Xxxx Traditional XXX contribution if you are age 18 or older, not a dependent of another taxpayer, and not a full-time student. The maximum annual tax credit is $1,000 (unless modified by Congress). If you are eligible for the credit, it will reduce the your federal income tax you owe dollar for dollar.

Tax Credit for Contributions. You may be eligible for a tax credit for your Xxxx SIMPLE XXX contribution if you are age 18 or older, not a dependent of another taxpayer, and not a full-time student. The maximum annual tax credit is $1,000 (unless modified by Congress). If you are eligible for the credit, it will reduce the your federal income tax you owe dollar for dollar.

Tax Credit for Contributions. You may be eligible for a tax credit for your Xxxx XXX contribution if you are age 18 or older, not a dependent of another taxpayer, and not a full-time student. The maximum annual tax credit is $1,000 (or up to $2,000 if married, filing jointly, unless modified by Congress). If you are eligible for the credit, it will reduce the federal income tax you owe dollar for dollar.

Tax Credit for Contributions. You may be eligible for a tax credit for your Xxxx Traditional XXX contribution if you are age 18 or older, not a dependent of another taxpayer, and not a full-full- time student. The maximum annual tax credit is $1,000 (unless modified by Congress). If you are eligible for the credit, it will reduce the your federal income tax you owe dollar for dollar.