What is the Child Tax Credit for 2012?

The Child Tax Credit is up to $1,000 for each qualifying child who was under the age of 17 at the end of 2012. This credit can be claimed in addition to the credit for child and dependent care expenses, but phases out for married couples who earn over $110,000 and single filers who earn more than $75,000.

Is there a Child Tax Credit for 2021?

The American Rescue Plan, signed into law on March 11, 2021, expanded the Child Tax Credit for 2021 to get more help to more families. It has gone from $2,000 per child in 2020 to $3,600 for each child under age 6. For each child ages 6 to 16, it’s increased from $2,000 to $3,000.

Who is eligible for low and middle income tax offset?

Andre’s tax payable can be reduced by up to $1,020 using the low and middle income tax offset. Andre is not eligible for the low income tax offset as his income was above $66,667. Low or middle income earners may be eligible for both the low income tax offset and low and middle income tax offset.

Why was there lower voter turnout in 2012?

For whites, on the other hand, post-2004 elections showed smaller shares of eligible voters and lower turnout. White voters did vote more strongly Republican in 2012, but this was offset by reduced turnout The result, of course, was Obama wins in both 2008 and 2012.

What was the low income tax offset for 2010?

2010-2011 Low Income Tax Offset From 1 July 2010 the full offset is $1,500, with a withdrawal rate of 4 cents per dollar of income over $30,000, such that it cuts out at $67,500. LITO calculation table 1 July 2010 to 30 June 2011 2009-2010 Low Income Tax Offset

When does the low income tax offset expire?

The offset is withdrawn at the rate of 5% of income above $37,500 up to $45,000, where it is reduced to $325 and then withdrawn at the rate of 1.5% of income above $45,000. For incomes above $66,666 there is no offset. The Low Income Tax “Offset” is an amount subtracted from tax payable.