What (who) is American Opportunity Tax Credit - definition
American Opportunity Tax Credit
PARTIALLY REFUNDABLE TAX CREDIT
American opportunity tax credit
The American Opportunity Tax Credit is a partially refundable tax credit first detailed in Section 1004 of the American Recovery and Reinvestment Act of 2009.
Research & Experimentation Tax Credit
GENERAL BUSINESS TAX CREDIT
IRC Section 41 Research & Experimentation Tax Credit; R&E Tax Credit
The Credit For Increasing Research Activities (R&D Tax Credit) is a general business tax credit under Internal Revenue Code Section 41 for companies that incur research and development (R&D) costs in the United States. The R&D Tax Credit was originally introduced in the Economic Recovery Tax Act of 1981 sponsored by U.
Tax credit
TAX INCENTIVE
Refundable tax credit; Tax credits; Investment tax credit; Federal tax credit; Investment Tax Credit; Tax Credits; Tax Credit; Working Families Tax Credits; Investment credit; Tax credit bond; Investment Credit; Work Opportunity Tax Credit; Production tax credit; Nonrefundable tax credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.
Examples of use of American Opportunity Tax Credit
1. An American Opportunity Tax Credit would offer $4,000 to college students for 100 hours of public service.