Filing claims.
Subject to the limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of those taxes, one of the following amounts: 1.
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Subject to the limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of those taxes, one of the following amounts: 1.
If the claimant is single and his or her adjusted gross income is less than $9,000 in the year to which the claim relates, an amount equal to his or her net tax liability.
If the claimant is single and his or her adjusted gross income is at least $9,000 but less than $10,000 in the year to which the claim relates, an amount that is calculated as follows: a. Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the claimant’s adjusted gross income and $9,000. b. Subtract from 1.0 the amount that is calculated under subd. 2. a. c. Multiply the amount of the claimant’s net income tax liability by the amount that is calculated under subd. 2. b.
Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the claimant’s adjusted gross income and $9,000.
Subtract from 1.0 the amount that is calculated under subd. 2. a.
Multiply the amount of the claimant’s net income tax liability by the amount that is calculated under subd. 2. b.
If the claimant is married and filing jointly and the sum of the claimant’s adjusted gross income and his or her spouse’s adjusted gross income is less than $18,000 in the year to which the claim relates, an amount equal to the married couple’s net tax liability.
If the claimant is married and filing jointly and the sum of the claimant’s adjusted gross income and his or her spouse’s adjusted gross income is at least $18,000 but less than $19,000 in the year to which the claim relates, an amount that is calculated as follows: a. Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the married couple’s adjusted gross income and $18,000. b. Subtract from 1.0 the amount that is calculated under subd. 4. a. c. Multiply the amount of the married couple’s net income tax liability by the amount that is calculated under subd. 4. b.
Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the married couple’s adjusted gross income and $18,000.
Subtract from 1.0 the amount that is calculated under subd. 4. a.
Multiply the amount of the married couple’s net income tax liability by the amount that is calculated under subd. 4. b.
If the claimant is married and filing separately and his or her adjusted gross income is less than $9,000 in the year to which the claim relates, an amount equal to his or her net tax liability.
If the claimant is married and filing separately and his or her adjusted gross income is at least $9,000 but less than $10,000 in the year to which the claim relates, an amount that is calculated as follows: a. Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the claimant’s adjusted gross income and $9,000. b. Subtract from 1.0 the amount that is calculated under subd. 6. a. c. Multiply the amount of the claimant’s net income tax liability by the amount that is calculated under subd. 6. b.
Calculate the value of a fraction, the denominator of which is $1,000 and the numerator of which is the difference between the claimant’s adjusted gross income and $9,000.
Subtract from 1.0 the amount that is calculated under subd. 6. a.
Multiply the amount of the claimant’s net income tax liability by the amount that is calculated under subd. 6. b.