Notes. 1  Most Lantern Corps have a Power Ring and a Power Battery. 2  Both Power Ring and Indigo Lantern Power Staff are both utilized by Tribe Members and are capable of directing the Indigo Light into direct Lantern Energy Constructs.
Tax credit. A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or, as in the United Kingdom, a form of state support.
The $4,000 deduction would reduce the taxpayersâ taxable income to $46,000 and leave them still owing $5,591 â a net savings of just $600. But the American Opportunity Tax Credit is subtracted directly from that $6,191 tax bill, leaving the family with just $1,191 to pay in taxes.