Tax Expert Noel Spencer: Tax Credit


Make text smaller Make text larger



Photos



  • Noel Spencer



What is a Tax a Credit, and what are the various credits an individual can use?


Subtract tax credits from the amount of tax you owe. There are two types of tax credits:

• A nonrefundable tax credit means you get a refund only up to the amount you owe.

• A refundable tax credit means you get a refund, even if it's more than what you owe

• Education credits

• Retirement Savings contributions credit

• Residential Energy Credits

• Other Credits (Form 3800)

• Earned Income Tax Credit

• Child and Dependent Care Credit

• Adoption Credit

• Child Tax Credit

• Credit for the Elderly or Disabled

Noel Spencer
735 Broadway, Newburgh, NY 12550
845-220-2080
Ask Noel Spencer a Question
www.spencersfinancial.com




Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Local law firm to represent West Point drummer hit with axe during ‘Fox & Friends’
BY ERIKA NORTON
The West Point drummer who was hit by an axe thrown by a “Fox & Friends” co-host during a...

Read more »
Image

Church to host program 'Be SMART with Firearm Ownership: Protect Children and Save Lives' on June 24
ROCK TAVERN — Each year in the United States, nearly 300 children aged 17 and under gain access to a firearm and unintentionally shoot...
Read more »

Cheers to the Class of 2018 Monroe-Woodbury to graduate over 575; Tuxedo says farewell to 28 students


Monroe Woodbury’s Kendall Fiorianti: “….I’m leaving behind a chapter in my life and continuing on my journey to make the world a better...

Read more »
Image

Special aid to M-W district promotes acceleration of Palm Tree village
By Nancy Kriz
ALBANY-$1 million in special aid for the Monroe-Woodbury School District has been secured by State Assemblyman James Skoufis to offset the net loss to the...

Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers


MOST COMMENTED



Weather in Monroe, NY