The Federal Tax Credits Blog

Posts Tagged ‘disability’

Question: At what tax percentage do I get my taxes back if eligible for the Disability Tax Credit?

My tax bracket is about 35%. I just found that I am eligible for the Canadian Disability amount of $7,021 for the past 3 years. Someone has just told me that my tax refund is based on the lowest tax bracket or rate of about 17%, NOT the 35% marginal tax rate that I have been in. Is he correct?

Answer: The disability amount is a non-refundable tax credit. This credit will reduce the amount of money that is taxable just like your personal exemption amount. These types of credits are always based on the lowest income tax bracket which federally is 15%.

The credit in essence will shift some of your higher income to a lower bracket and you will see a savings.

Marshfield by the months in 2009

Click on the headline for a month-by-month review of 2009 in Marshfield.

The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back $16.80 Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.High school graduates can no longer put themselves thr…

Self-employment Why Not?: A Disabled Person’s Guide to the Benefits, Tax Credits and Other Help Available When Considering Self-employment …

Moving into Work: A Disabled Person’s Guide to the Benefits, Tax Credits and Other Help Available When Considering Any Kind of Work …

TurboTax Basic Federal + e-File 2010 – [Old Version] $4.99 The Intuit TurboTax Basic Tax Year 2010 Software automatically double-checks to help make sure your return is accurate. It features downloadable Audit Support Center, which provides guidance on everything you need to do if you are contacted by the IRS. And finally, it files your return electronically and prints it on plain paper….

Disability Tax Credit Services – Winnipeg