nonrefundable Wiktionary


Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app. The paper is funded by advertising and by an annual, non-refundable levy of $5.67 per undergraduate.

Passengers attempting to cancel a nonrefundable fare might receive a partial airline voucher in return, but rarely will they see a cash or credit card reimbursement and typically large fees will be deducted from the original value. This can depend on airline policy as well as other factors like airline loyalty status and the particular fare class purchased, and there are always exceptions.

Nonrefundable fee definition

Earn miles with our partners , Opens another site in a new window that may not meet accessibility guidelines. Activities , Opens another site in a new window that may not meet accessibility guidelines. Hotels , Opens another site in a new window that may not meet accessibility guidelines. The facilities approved cannot exceed 363 megawatts of nameplate generating capacity related to wind energy facilities, 63 megawatts of capacity for all other facilities, and 167 billion BTUs of heat related to other facilities. Of those 63 megawatts, 10 megawatts are reserved for solar facilities contracted or owned by certain utility companies. Therefore, the Franchise Tax Credit is allowed to avoid double taxation of income.

  • Some non-refundable tax credits, such as the general business credit and foreign tax credit allow taxpayers to carry any unused amounts backward to a prior year and forward to future tax years.
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  • The American Rescue Plan included a temporary, one-year expansion of the federal EITC for childless workers.
  • The July 4th policy included basic economy tickets, which ordinarily are nonrefundable.
  • The federal budget distinguishes between the portion of a tax credit that offsets tax liability and the portion that is refundable, classifying the latter as an outlay.
  • An Innovation Fund Tax Credit equal to 25% of the taxpayer’s equity investment in an innovation fund certified by the Iowa Economic Development Authority.

Depending on specific policy, some airlines will take extreme extenuating circumstances into account when determining cancellation or change fees. Events like the imminent death of a loved one may be enough to convince an airline to waive a change or cancellation fee, but the process isn’t easy and passengers often have to present hard evidence like a death certificate to claim their refund. On the other hand, a non-refundable tax credit does not result in a refund to the taxpayer as it will only reduce the tax owed to zero. Kentucky taxpayers claiming the child and dependent care credit must file Form 740 or 740-NP.

Can I Receive a Tax Refund if I Use a Non-Refundable Tax Credit?

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When can landlord keep deposit?

Your landlord or agent is only entitled to keep all or part of your deposit if they can show that they have lost out financially because of your actions, for example, if you have caused damage to the property or you owe rent.

Before this change, expenditures on the child tax credit totaled $54.3 billion, with just over half delivered as refunds. In FY2019, expenditures from the CTC totaled an estimated $115 billion; of which 35 percent was refundable. Of non-refundable tax credits include credits for adoption, for energy-efficient residential property, and the saver’s tax credit for funding retirement accounts. Effective for installations between January 1, 2017 and December 31, 2018, a Geothermal Tax Credit was available for individual income taxpayers equal to 10% of qualified expenditures on a geothermal heat pump on the taxpayer’s residence. The equipment must meet the federal energy star program requirements in effect at the time the expenditure is made. A Geothermal Tax Credit is available for individual income taxpayers equal to 10% of qualified expenditures on a geothermal heat pump on the taxpayer’s residence. The cost of changing or canceling a nonrefundable ticket runs the gamut from free to upwards of $750 depending on airlines, route, fare class, timeframe, loyalty program status, and other factors.

Refunds for Flight Reservations

As mentioned, in many circumstances you can cancel or change a flight for free within 24 hours of booking, so if you realize you’ve made a mistake and need to alter or cancel your ticket within 24 hours of purchasing, you won’t be charged. Some deeply discounted fares, like those labeled basic economy, don’t allow for any changes or cancelations once a ticket has been purchased regardless of circumstances. Also, there have been complaints about a non-refundable fee for those who merely apply to gain entry to the race.


Such a nonrefundable fee may be in exchange for retaining the attorney’s availability alone or may be in exchange also for the right to receive specified services in the future for no additional fee, or for a stated fee. Here’s a breakdown of major airline policies, including both legacy carriers and low-cost or budget airlines. Note that different rules apply to award travel (i.e. flights booked with airline miles instead of money), so make sure to do your homework before purchasing your flight. If passengers have a history of routinely missing flights on purpose, airlines might refuse to waive change or cancelation fees for missed flights regardless of circumstances. The saver’s tax credit is meant to encourage tax-advantaged savings in retirement accounts, and offers a tax credit based on the size of the contributions. However, time limits apply to the carryover rules; they differ depending on the specific credit.

When canceling a flight, what’s the difference between reusable and refundable?

A tax credit is an amount of money you can subtract, dollar for dollar, from the income taxes you owe. However, if refundable credits are claimed first, there is a risk that all the refundable credits will be used to offset taxes due and any remaining non-refundable credits will only reduce the tax owed to zero. The unused non-refundable credits will not be entitled the taxpayer to a refund. A refundable tax credit usually results in a refund check if the tax credit is more than the individual’s total tax liability. While not all tickets are refundable, Southwest does award a flight credit as long as you cancel your reservation at least ten minutes prior to the original scheduled departure time. 4 Flight credits for non-refundable fares will be issued as long as the flight is canceled more than 10 minutes prior to the scheduled departure. Flight credits unexpired on or created on or after July 28, 2022 do not expire and will show an expiration date until our systems are updated.

  • The credit applies only to undergraduate studies, phases out for higher incomes, applies to most higher education opportunities within Kentucky and may be carried forward for up to five years.
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  • Be sure to verify the requested information including your date of purchase, last four digits of the credit card, and last name.
  • California’s EITC phases in dollar for dollar with the filers’ income until it hits a maximum value and then phases out completely at $30,000 of income , which is lower than the federal income eligibility levels.
  • In the event market conditions favor refunding of any TIF debt, the County and City affirm that each will work in good faith to refund eligible existing debt without extending the length of the debt.
  • We’ll process your refund back to the original credit card within 7 days (it should appear on your statement in 1-2 billing cycles).

The IA 147 must be used to calculate the credit and included with the return. Report the claim on the IA 148 Tax Credits Schedule using tax credit code 04. Unlike a refundable credit, a non-refundable credit will not generate a tax refund if the amount of the credit exceeds the tax liability. Generally, the amount of a non-refundable credit that exceeds a taxpayer’s liability is automatically forfeited by the taxpayer.

Alternative forms

Our Refunds Department will process an eligible refund to the original credit/debit card within seven business days from the date we receive your request. Your card-issuing bank may then Nonrefundable take up to ten business days to post the credit to your account. Based on your individual billing cycle, you will see the refund on your statement within one to two statement mailings.


In most cases, it’s better to cancel as soon as possible, rather than be a no-show, as you might be able to negotiate a partial airline voucher in return. Even if it’s short notice, it’s usually more advantageous to speak with an airline representative about your cancelation than simply scrap the ticket. Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app. A one-time non-refundable registration fee of $10.50 is charged during registration. The $250 application fee is used for registration administration and is non-refundable. However, we should all be aware that this budget is not a non-refundable expenses budget, and the money available seems insufficient to me to achieve a real policy on employment. Examples of this state intervention include non-refundable loans, tax breaks, the artificial devaluation of the currency and, in some cases, the non-depreciation of investments.


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