ChangeYourFlight provides an alternative for these non-refundable tickets, with airlines providing a partial refund without any change fee.
Refundable tax credits would offset the regressivity of the VAT for those with low incomes.
Low-earners are helped most by those refundable credits, such as the earned income and child credits.
It costs a (refundable) quarter for a shopping cart and there are charges for shopping bags.
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Elaine Maag has written about ways to make refundable credits for low-income households more efficient.
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The catch: Like many tax goodies, the new refundable credit is phased out for higher-income folks.
Refundable means credits that can be refunded to the extent that they exceed your income tax.
When a credit is refundable, a family can get back even more than it paid in tax.
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Theaters and sports teams sell non-refundable tickets, but buyers can give them to friends or sell them.
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Indeed, because of refundable tax credits, members of the bottom 40 percent actually collect more than they pay.
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Tickets bought on points are typically refundable until just before your flight, but they also run out fast.
You might also be able to claim a refundable credit such as the earned income tax credit (EITC).
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All packages are charged in full at time of booking and are non-refundable.
Still, we could scrap the refundable credits and replace them with a direct cash payment to low-income working families.
This is a fully refundable deposit that you will get back once you close your account in good standing.
Tax expenditures include the inventory of Tax-Exempt Income, Adjustments to Income, Itemized Deductions, and Tax Credits (refundable and nonrefundable).
Most film subsidies come in the form of refundable or transferable tax credits.
Taxpayers in 2012 can claim the adoption credit but it is not refundable.
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The only exceptions are refundable tax credits for health insurance and retirement savings.
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The GOP would also allow individuals to buy policies across state lines and provide refundable tax credits to buy insurance.
Those non-refundable airline tickets you bought and then could not use might not be a total loss after all.
The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate income working individuals and families.
The new tax deal did extend the adoption credit permanently with one significant hit: the credit is no longer refundable.
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Replace the charitable contribution deduction with a 12% non-refundable tax credit, subject to a 2% of adjusted gross income floor.
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Other examples of refundable credits include the additional child tax credit and, within limits, the American Opportunity Credit for students.
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The deal extends for five years some refundable tax credits that were intended as temporary stimulus in 2009 and 2010.
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The start-up collects a fee from the airline for creating a fresh market out of non-refundable tickets, which would otherwise be thrown away.
The non-refundable child care credit can be up to 35% of your qualifying expenses, depending upon your adjusted gross income (AGI).
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Another sticking point was the issue of a refundable child tax credit, which the Senate passed but the House did not.
If a refundable tax credit exceeds the tax bill generated by the production, the producers get a check for the overage.
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