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Georgia Rural Physicians Credit

Georgia provides for a $5,000.00 tax credit for rural physicians. The tax credit may be claimed for not more than five years. There is no carryover or carry-back available. The credit cannot exceed the taxpayer's income tax liability

Georgia Clean Energy Property Credit

In May 2008, Georgia enacted legislation establishing personal tax credits for clean energy equipment installed and placed into service. For clean energy property, installed for single-family residential purposes, the tax credit is equal

Who qualifies to deduct educator expenses?

. If you are an eligible educator, you can deduct up to $250 ($500 if married filing joint and both spouses are educators, but not more than $250 each) of any unreimbursed expenses [otherwise deductible as a trade or business expense] you

Types of Adjustments You May Be Eligible For

, please refer to Form 8853 Instructions. Educator Expense Deduction If you are an educator, you may be able to deduct up to $250 of expenses you paid for purchases of books and classroom supplies, even if you do not itemize your deductions

Georgia Low Emission Vehicle Credit

This is a credit of the lesser of 10% of the cost of the vehicle or $2,500, for the purchase or lease of a new low emission vehicle. There is also a credit for the conversion of a standard vehicle to a low emission vehicle which is equal

Foreign Taxes NOT Eligible for a credit?

You cannot take a Foreign Tax Credit based on any of the following taxes: 1. Taxes paid to a foreign country that you do not legally owe, including amounts eligible for refund by the foreign country. If you do not exercise your available

Who can take the Retirement Savings Contributions Credit? (Savers Credit)

If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be eligible for a tax credit, depending on your age and income. Here are six things the IRS wants you to know

Iowa Earned Income Tax Credit

Iowa allows its taxpayers to claim the Earned Income Credit but it can only equal 15% of the Earned Income Credit claimed on your Federal return for 2016. Do not worry about reporting this information as the TaxSlayer program will make

Kentucky Education Tuition Tax Credit

The education credits are: the American Opportunity Credit and the Lifetime Learning Credit. These credits are based on qualified undergraduate education expenses paid to an eligible postsecondary educational institution located

Georgia Adoption of a Foster Child Credit

Georgia provides an income tax credit for the adoption of a qualified foster child. The amount of the credit is $2,000.00 per qualified foster child per taxable year, commencing with the year in which the adoption becomes final, and ending