Miscellaneous Tax Credits

Filed Under » ,
Dictionary Says

Definition of 'Miscellaneous Tax Credits'

A group of less common tax credits that apply to taxpayers in various situations. As with all other tax credits, miscellaneous tax credits are designed to reward and promote certain types of economic activities, such as the purchase of hybrid automobiles or to reward those who have taken appropriate measures to make their homes more energy-efficient.
Investopedia Says

Investopedia explains 'Miscellaneous Tax Credits'

There are several miscellaneous tax credits available, such as the mortgage interest credit, the prior-year alternative minimum tax credit, the foreign tax credit, and the hybrid and electric vehicle credit.

Most miscellaneous credits are non-refundable, except for the credit for excess Social Security or railroad retirement withholdings.

Video Definition

Search results for

'Miscellaneous Tax Credits'

  • 5 Tax Credits You Shouldn't Miss

    http://www.investopedia.com/articles/taxes/08/tax-credits.asp
    ... Under » Insurance, Retirement, Taxes. Among the litany of tax credits available
    to the American taxpayer is an assortment of miscellaneous credits that apply ...

  • Student Tax Breaks

    http://www.investopedia.com/articles/tax/10/student-tax-breaks.asp
    ... Tuition, fees, books, room and board, and miscellaneous expenses can be overwhelming
    for ... It has therefore offered a number of tax credits and other incentives ...

  • Give Your Taxes Some Credit

    http://www.investopedia.com/articles/tax/08/tax-credit.asp
    ... Miscellaneous Credits - An assortment of less-common tax credits exist
    that a smaller number of taxpayers qualify for, such as: ...

  • How To Cut Your Alternative Minimum Tax

    http://www.investopedia.com/articles/pf/07/amtbasics.asp
    ... Schedule C instead of as a miscellaneous itemized deduction ... at least reviewed, by
    an expert tax professional who ... and are eligible to claim AMT credits for any ...

  • End-Of-The-Year Income Tax Checklist - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/End-Of-The-Year-Income-Tax-Checklist.aspx
    ... The same idea works for miscellaneous itemized deductions ... is a separately figured
    tax that eliminates many deductions and credits, thus increasing ...

  • Get A Tax Credit For Your Foreign Investments

    http://www.investopedia.com/articles/tax/08/foreign-tax-credit.asp
    ... Any taxpayer who is eligible to claim the foreign tax credit has a choice between
    taking the credit, or deducting the foreign tax paid as a miscellaneous ...

  • Tax Tips For First-Time Filers - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Tax-Tips-For-First-Time-Filers.aspx
    ... via freelance work might receive a Form 1099-Misc: Miscellaneous Income, whereas ...
    to file, as you may be eligible for certain refundable tax credits, such as ...

  • The Ultimate Tax-Time Checklist

    http://www.investopedia.com/articles/tax/11/ultimate-tax-guide.asp
    ... other types of income the IRS considers to be “miscellaneous,” you will ... File Taxes
    Separately!); Child tax credits: Along with the exemption for qualifying ...

  • Happily Married? File Taxes Separately!

    http://www.investopedia.com/articles/tax/08/file-seperately.asp
    ... as the Hope and Lifetime Learning Credits, student loan ... filer's AGI can count as
    a miscellaneous itemized deduction ... be necessary to compute the tax return both ...

  • Cut Your Tax Bill

    http://www.investopedia.com/articles/pf/07/save-on-taxes.asp
    ... exceed 7.5% of your AGI, and miscellaneous itemized deductions ... to owe at least $1,000
    in tax for 2009 after subtracting your withholding and credits and; ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links