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2. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.

3. Property Tax Circuit Breaker - Wikipedia

   en.wikipedia.org/wiki/Property_Tax_Circuit_Breaker

   An applicants total net worth must be less than $200,000 not including the value of the property and an applicants household income must be less than $60,000 per year. The formula used to calculate the value of the tax credit is based on an incremental increase in income compared to the percentage of income used to pay for property tax.

4. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

5. The IRS is sending $1,400 stimulus checks to 1 million ... - AOL

   www.aol.com/finance/irs-sending-1-400-stimulus...

   If the IRS does not have the taxpayer's bank account information—based on their 2023 tax return—it will send the payment via paper check in the mail. Three rounds of federal stimulus payments

6. Earned Income Tax Credit: Find Out if You Qualify - AOL

   www.aol.com/earned-income-tax-credit-qualify...

   Children or relatives claimed. Filing as single, head of household, or widowed. Filing as married filing jointly. Zero. $18,591. $25,511. One. $49,084. $56,004

7. Earned Income Credit Table: Find Out If You Qualify - AOL

   www.aol.com/earned-income-credit-table-qualify...

   2020 Tax Year Earned Income Tax Credit Income Limits . If your filing status is: Number of Qualifying Children. 0. 1. 2. 3. Single. $15,820. $41,756. $47,440. $50,594

8. New Markets Tax Credit Program - Wikipedia

   en.wikipedia.org/wiki/New_Markets_Tax_Credit_Program

   U.S. Senators Jay Rockefeller (D-West Virginia) and Roy Blunt (R-Missouri) introduced S.B. 1133, "New Markets Tax Credit Extension Act of 2013" in June 2013 to permanently add New Market Tax Credits to the Internal Revenue Code, however the program expired in January 2014 without the bill passing. [14] [15] The program does continue.

9. IRS sending up to $1,400 to 1 million people. Here's who ...

   www.aol.com/irs-sending-1-400-1-215256728.html

   The IRS said it's sending the payments automatically to about 1 million people who filed tax returns and who qualified for the recovery rebate credit yet didn't claim it.