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Form 4136 Bend Oregon: What You Should Know
Amounts include Federal income tax, the California Fuel Tax Credit (CFTC) or alternative fuel tax credit (AFC). A taxpayer may use this form to claim credit for both Federal income tax (FIT) and Alternative Fuels Tax Credit (AFC). If you make a tax reduction deduction for California Fuel Tax Credit, you may also claim the AFC. How the Form 4136 41361204 41361404 -- Fuel Tax Credit (Page 7) (1) The taxpayer is able to claim a credit for tax paid on fuels in which a Biodiesel or Renewable Diesel mixture is used. The Biodiesel and the Renewable Diesel mixture are considered renewable fuels, which means a Biodiesel or Renewable Diesel mixture is eligible for a reduced tax rate if it meets the definition in 17 U.S.C. Section 1302(a)(12). (3) The credit: The taxpayer may claim the Biodiesel or Renewable Diesel tax credit on Form 4136 as a tax offset from other sources of income, such as Social Security benefits, FICA and Medicare. (4) Amounts deducted as a tax credit on Form 4136 include: The Biodiesel or Renewable Diesel mixture cost, 16 .02 each as shown on this page. The total credit is reduced and applied as a tax refund to the taxpayer. (5) Federal tax paid on non-resident aliens who are unable to prove their income is less than the threshold amount. Amounts includible in the taxpayer's income which are creditable for credit purposes include the following amounts: Tax rate reduction, for nonresident aliens Amounts excluded from the gross income of the taxpayer (for nonresident aliens) which reduced tax paid on nonresident alien income. For nonresident aliens other than S corporations, the amount of tax paid on nontaxable income as determined under section 59 for the taxable year. Amounts excluded from gross income as a credit under section 65 for the taxable year. Note that a taxpayer may be able to claim a credit for federal tax paid on fuels not listed on Form 4136. For example, a consumer may be able to claim a credit for tax paid on fuel that is exempt from tax under this section.
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