Sentences with phrase «hcfc phaseout»

«You don't even need to believe in climate change and carbon and all that stuff,» says Keller, who supports a mandatory 10 - to 15 - year phaseout of fossil - fuel imports.

If you are married and are covered at work, the phaseout happens for incomes of $ 101,000 to $ 121,000.

PEP is the phaseout of the personal exemption and Pease (named after former U.S. House Representative Donald Pease) phases out the value of most itemized deductions once a taxpayer's adjusted gross income reaches a certain amount.

There are income phaseouts for this tax deduction, though.

The Task Force is due to report back to McKenna by the end of this year, after engaging with workers and communities affected by the coal phaseout.

Many phaseouts create significant marriage penalties — or bonuses — because the phaseout range for married couples is less than twice that for single tax filers.

Many phaseouts are indexed for inflation so that the phaseout ranges remain fixed in real terms.

Phaseouts narrow the focus of tax benefits to low - and middle - income households while limiting revenue costs, but raise marginal tax rates for affected taxpayers.

Phaseouts are structured in different ways and thus have different effects.

For example, in 2017 the phaseout of personal exemptions begins at $ 313,800 for married couples filing jointly, less than twice the $ 261, 500 threshold for single filers.

Section 179 deductions: Under Section 179 of the Internal Revenue Code, a business could expense up to $ 500,000 of the cost of qualified business property, subject to a dollar - for - dollar phaseout above $ 2 million.

The new doubles the maximum allowance to $ 1 million and increases the phaseout threshold to $ 2.5 million.

Phaseouts that are not adjusted for inflation affect more taxpayers over time, as inflation raises nominal incomes and thus lifts more taxpayers above the phaseout thresholds.

In contrast, the adoption credit phases out over a $ 40,000 range, so its phaseout rate is one - fourth as fast — just 0.25 percent per $ 100.

More broadly, phaseouts complicate the tax code and make it more difficult for taxpayers to understand the taxes they pay.

For example, for single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional income.

Phaseouts, however, not only claw back these benefits from the more affluent, they also increase the effective marginal tax rate these taxpayers face, decreasing the after - tax gains of earning more income.

Given we have a progressive tax system in America with Alternative Minimum Tax (AMT) and deduction phaseouts, I've calculated that the optimal Adjusted Gross Income is roughly $ 250,000, + / - $ 50,000.

It does not take into account state or local taxes, fees, or expenses, or the net gain's potential impact on adjusted gross income, which could impact exemption and deduction phaseouts and eligibility for other tax benefits.

the higher EITC phaseout threshold for married couples filing jointly ($ 5,000 above that for single filers, indexed for inflation);

[2] ATRA also temporarily extended the higher earned income tax credit phaseout threshold for joint filers.

The phaseout thresholds are not indexed for inflation.

The Personal Exemption Phaseout (PEP) thresholds are as follows:

The phaseouts also create hidden taxes over the phaseout range and diminish the effectiveness of the credits by encouraging the very activities they are designed to spur.

Provisions such as the phaseout of tax credits can cause marginal tax rates to differ from statutory tax rates.

Singles over $ 250K and marrieds over $ 300K, phaseout of itemized deductions and personal exemptions.

On the other hand, the 1.45 percent Medicare tax applies to all levels of income and has no phaseout.

If you're married filing jointly, the phaseout range is $ 186,000 to $ 196,000.

It has substantially higher contribution limits, no income phaseouts on the full deductibility of contributions, and lets you postpone RMDs if you're still working at age 70 1/2.

The Senate bill included a larger deduction, 23 percent, and a higher phaseout point, $ 500,000 for couples.

However, while the routine deduction phaseout scheme isn't too hard on deductions, AMT is, and AMT kills a lot of the value of their deductions.

But when you make a wild claim that «they are receiving $ 135K a year in tax deductions» that are «above and beyond any standard deduction or exemptions», it certainly appears to be ignorant of factors like income - based phaseouts that kill the very exemptions you were complaining about.

But due to AMT and mortgage interest deduction phaseouts, this couple isn't getting as big of a deduction as you might think, especially now that SALT deduction is capped at $ 10,000.

While critics of the deal focus on comparing Canada's tariff phaseout period on vehicles to the longer tariff cut schedule offered by the United States, they fail to acknowledge that the important bilateral concession offered by the United States was the immediate elimination of U.S. duties on auto parts — something that will benefit American assembly plants as well as TPP parts makers.

Much has been made by opponents of the deal of two provisions: the five - year tariff phaseout and the more flexible rules of origin.

But we accept the five - year phaseout as a far better outcome than the highly protectionist phaseout of U.S. tariffs, which will delay the elimination of the 25 - per - cent «chicken» tariff applied to pickup truck imports in the United States for 30 years.

What's more, tariff rates and structures differ between the United States and Canada (in fact, Canada's 6.1 - per - cent tariff is 2 1/2 times higher than the U.S. passenger vehicle tariff), so there's no compelling reason why tariff phaseouts need to be the same.

In addition, high - income earners may be subject to the phaseout of itemized deductions and personal exemptions.

At 4:30 p.m., the New York Immigration Coalition holds a march and rally with immigrant advocates and Dreamers about the DACA phaseout, corner of 39th Avenue and 138th Street, Queens.

At 11 a.m., the New York Immigration Coalition and other immigration advocates hold a press conference about the DACA phaseout, outside Trump Tower, 725 Fifth Ave., Manhattan.

The Panel for Educational Policy will vote on the phaseout of Wadleigh's middle school grades, along with the partial closing of Washington Irving High School, on Feb. 9 at Brooklyn Technical High School.

A surcharge on utility bills called the 18 - a assessment was enacted as a temporary measure in 2009, renewed, and then scheduled for phaseout by 2017.

Morse said that the number of NASA astrophysics missions in operation had peaked at 15 in 2010 and was now in decline with the phaseout of spacecraft such as the Wide - Field Infrared Survey Explorer and the Wilkinson Microwave Anisotropy Probe.

And, notes Richard Denison, senior scientist at Environmental Defense Fund, many other PFC compounds not covered by the EPA actions or voluntary phaseouts are currently used — including in food packaging — that raise similar environmental health concerns.

His medical sleuthing revealed that even minuscule levels of lead caused profound damage to health and cognition, a discovery that helped propel the phaseout of lead in gasoline in 1976.

Hurst estimates that even with phaseouts of those chemicals, the arctic ozone layer won't recover to its 1980 levels until at least 2050.

Targets for nuclear power range from 35 % of generating capacity down to zero — a total nuclear phaseout — although those close to the deliberations believe the government will settle on 15 % when it finalizes the policy this summer.

The disaster galvanized countries drifting away from nuclear power to formalize the divorce — Germany, for instance, already had phaseout plans on the books.

Germany and Switzerland took the disaster as a cue to announce phaseouts of their entire nuclear sectors, and a referendum in Italy put the brakes on Silvio Berlusconi's plans to revive nuclear power in that country.

Fifty - seven percent of the public opposed restarting existing nuclear power plants even if they satisfied new regulatory standards, and 73 percent supported a phaseout of nuclear power, with 14 percent advocating an immediate shutdown of all nuclear plants.