Search Results: keywords:"income limitation"

  • H. R. 7393 — To amend the Internal Revenue Code of 1986 to provide a refundable credit for certain home accessibility improvements.
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    Status:Introduced in House
    Words:2,060

    H. R. 7393 proposes changes to the Internal Revenue Code to offer a refundable tax credit for expenses related to making homes more accessible for people with disabilities. The bill allows individuals to claim a credit of 35% for qualified accessibility improvement expenses, up to a limit of...

    Simple Explanation

    H.R. 7393 is a plan to help people make their homes more accessible for those with disabilities by giving money back through a tax credit, up to a certain limit, for things like adding ramps and widening doorways.

  • H. R. 6702 — To amend the Internal Revenue Code of 1986 to allow a nonrefundable credit for elementary and secondary school supply expenses.
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    Status:Introduced in House
    Words:624

    H.R. 6702 proposes an amendment to the Internal Revenue Code to provide a nonrefundable tax credit for school supplies purchased for elementary and secondary students. The credit allows individuals to claim up to $200 for expenses like books and equipment related to a child's enrollment in a...

    Simple Explanation

    This bill wants to help people pay for their kids' school supplies by giving them a break on their taxes, but they can only get a $200 break each year and it starts getting smaller if they make more than $150,000 a year.

  • H. R. 9935 — To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for the addition of skirting to certain manufactured homes.
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    Status:Introduced in House
    Words:662

    H.R. 9935 proposes an amendment to the Internal Revenue Code of 1986 to introduce a refundable tax credit. This credit, amounting to 20% of the costs, is available to individuals who pay for skirting on certain manufactured homes during the tax year. However, the credit cannot exceed $500 and...

    Simple Explanation

    H.R. 9935 wants to give people money back when they put a special cover around their mobile homes to make them warmer in winter and cooler in summer, but they can only get up to $500 back and need to earn less than some big numbers to qualify.