Sentences with phrase «agi reaches»

You don't need to reduce the deduction when your AGI reaches certain levels.

The deductibility of the spousal IRA begins to be phased out when your joint modified AGI reaches $ 166,000 and is completely phased out at a modified AGI of $ 176,000.

Just keep in mind that your contributions will become limited once your joint AGI reaches $ 166,000 and will be completely phased out once it reaches $ 176,000 (meaning you can not contribute to a Roth IRA).

These credits are subject to certain limitations, and the rehabilitation tax credit begins to phase out for married taxpayers filing jointly with adjusted gross income (AGI) greater than $ 200,000 ($ 100,000 if married filing separately) and is completely phased out when AGI reaches $ 250,000 ($ 125,000 if married filing separately).

When the couple's AGI reaches $ 150,000, deductibility for such contributions begins to decline, and it reaches zero at a joint AGI of $ 160,000.

Your limit isn't reduced below $ 200 until your modified AGI reaches the level where the limit is completely eliminated.

Not exact matches

The Association of Ghana Industries (AGI) has hinted of its intentions to independently monitor the implementation of the various agreements reached at the National Economic Forum, which ended Thursday.

We have seen tremendous bottom - up progress, but we are missing several breakthroughs to reach Artificial Generalized Intelligence (AGI).

However, note the deduction begins to phase out once your Adjusted Gross Income reaches $ 100,000 and disappears entirely when your AGI surpasses $ 109,000.

To reach your number, we take 15 % of the amount of your Adjusted Gross Income (AGI) that exceeds 150 % of the poverty guidelines for your state and family size, then divide it by 12 to show your monthly payment.

AGI factors a number of allowable deductions from one's gross income to reach the figure for which an individual's income taxes will be calculated, and is generally more useful than gross income for individual tax activities.

After calculating AGI, the taxpayer can then apply the standard federal tax deductions to reach their taxable income, or if eligible, the taxpayer can itemize their expenses and receive itemized deductions instead, which can be better for the taxpayer in some situations.

In all three cases, once the AGI income threshold is reached, the marginal tax rate increases to recognize not only the rising tax brackets, but the surtaxes for Pease and PEP on top (and the cumulative impact of PEP given multiple family members with simultaneous exemptions phasing out).

A word to the high earners, eligibility for this exemption phases out when your Adjusted Gross Income (AGI) reaches $ 309,900 for joint filers and $ 258,250 for single filers.