What ENERGY TAX CREDIT--BUSINESS PROPERTY means: An energy tax credit allowed for the purchase of certain business-use property utilizing solar, geothermal, or biomass energy. New provisions allow credits for certain coal and gasification projects.
- Definition Earned Income Credit:
- Dictionary credit for qualified taxpayers based on earned income, adjusted gross income, and the number of qualifying children. See our Earned Income Tax Credit rate table for the current income limits energy tax credit--business property definition.
- Definition Exclusion:
- Dictionary that is not included in gross income because the Tax Code excludes it. Examples, include gain from a qualified sale of a principal residence, income earned abroad, and gifts and inheritances energy tax credit--business property explain.
- Definition Exemption:
- Dictionary taxpayer, spouse, and each dependent that is subtracted from income that would otherwise be taxed. The allowable amount must be reduced if adjusted gross income exceeds a specified amount. See our energy tax credit--business property what is.
- Definition Exclusion Percentage:
- Dictionary percentage is used to compute the excludable amount of a pension under the general rule. This percentage is determined by dividing the taxpayer's total contribution by the expected return energy tax credit--business property meaning.
How works Energy Tax Credit--Business meaning in Tax definitions E .
