refundability

refundability

(rɪˌfʌndəˈbɪlɪtɪ)
n
(Banking & Finance) the state of being refundable
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
This bundle includes refundability, a carry-on bag, a checked bag, the best available seat, waived change fees, and priority boarding.
In a bid to modernise business, the new online tool will include features such as advanced travel policies, which will help companies stay on budget with 20+ control checks including airlines, cities, classes, refundability and rating; automated profiles, which allows for the efficient import of all employee passport details and preferences or connect with single sign-on; easy to track spends, which uses tags to monitor spends and segregate them by department, designation, cost centre, travel intent and more; and paperless approvals, which enables users to send detailed approval requests to line managers and CEOs with one-click processing.
* Advanced travel policies: These help companies stay on budget with 20+ control checks including airlines, cities, classes, refundability and rating.
Since the Tax Cuts and Jobs Act of 2017, parents can now deduct $2,000 per child from their annual tax bill, including $1,400 in partial refundability, assuming that the taxpayer made more than $2,500 in the past year.
It also affects the American opportunity tax credit and the lifetime learning credit differently, in keeping with the two credits'differing amounts, applicability, income thresholds, phaseout limits, and other provisions, as well as the American opportunity tax credit's partial refundability.
Refundability is critical to the success of the EITC because it allows the credit to reward work even if families have small state income tax bills and these families are all still paying sales taxes and, directly or indirectly, property taxes as well.
A larger child tax credit with greater refundability, building on the limited, temporary improvements achieved in the 2018 Tax Cuts and Jobs Act, would go a long way toward providing something like a child allowance for American families.
Refundability: How Are Corporate Tax Losses Used/, 59 Nat'l Tax J.
[which] expand child tax credit refundability and the earned income tax credit for married couples.").
In addition, the law nearly doubled the standard deduction, eliminated personal exemptions, reduced the individual alternative minimum tax, and doubled the child tax credit from $1,000 to $2,000, providing $75 of additional refundability for households currently constrained by the refundable limit.
[section] 41(h) (2017) (allowing limited refundability for small businesses).) Of course, for small entrepreneurs, patents cause problems too: if a business is liquidity-constrained, it may not have enough money to survive long enough to be able to patent its invention and reap the rewards.