Sentences with phrase «when taxpayers»

When taxpayers file separate tax returns, the $ 12,000 exclusion might need to be allocated.

But when the taxpayers are paying, politicians can always afford a little more luxury...

For that reason, the most important date for Social Security is 2018, when taxpayers must begin to repay the IOUs, not 2042, when the trust fund is exhausted.

However, these incentives typically phase out when taxpayers reach a higher income level.

On the other hand, it's also important to recognize that when taxpayers are eligible for 0 % capital gains rates, they should be cautious not to harvest capital losses, either, as there's no reason to harvest a loss, and step the cost basis down, when there's no tax savings anyway!

Although the IRS appreciates when taxpayers file an amended return to correct a mistake, they can still assess a penalty or charge interest for not paying the proper amount when the taxes were originally due.

When taxpayers can't wait, they apply for help through various tax refund loan services.

Iowa has changed a rule relating to when taxpayers can deduct contributions to College Savings Iowa (Iowa's Section 529 Plan).

When taxpayers use this credit, 6.25 % is added to their earned income, which means that seniors who don't qualify for the full credit will have to adjust their withholdings in order to prevent owing money to the IRS.

Starting in 2019, the deduction will revert to the old rule when taxpayers could only deduct unreimbursed medical expenses that exceeded 10 % of their AGI.

Details on the various penalties and interest charges the IRS uses when taxpayers fail to file, fails to pay, or underpays the amount of taxes owed

Ultimately, it probably comes down to whether you think parents should be able to choose their kids» schools when taxpayers are flipping the educational bill.

That said, Petrilli and others who favor stronger oversight are on solid ground when they note that when taxpayers are paying for it, the public has a right, even an obligation, to make sure the money's not squandered.

«It is entirely reasonable to raise questions about the expenses of a public office when taxpayers are picking up the tab,» said Dia Chakravarty, the political director of the pressure group.

This invitation comes at a time when taxpayers have many concerns about the national discussion, and I look forward to being a voice for Erie County residents.

Various state lawmakers are seeking to ensure that when taxpayers are being asked to approve school projects, they know the total interest costs and not just the principal.

«New Yorkers pay some of the highest property taxes in the nation and the EmpireState has the second latest Tax Freedom Day in the United States for when taxpayers pay off all their tax obligations and start pocketing their hard - earned money.

«Wall Street Harry Wilson is running at a time when taxpayers are still furious at Wall Street for crashing the economy, and he has a «mad as hell» bigot with questionable ethics at the top of his ticket.»

«Tax scams can be simple when taxpayers inflate expenses or hide income to avoid paying taxes,» DiNapoli said.

It's unclear whether he paid anything because the state filed a $ 40,538.45 lien against him in May 2015, an action considered a last resort when taxpayers don't cooperate.

Onondaga County is making it easier to pay town and county taxes early with a new online system, and it comes at a time when some taxpayers are considering paying their local taxes early.

This Sunday, May 4th, is Tax Freedom Day — the day when taxpayers have symbolically worked long enough to pay off all of their tax bills at the federal, state and local levels and take a buck home.

Unfortunately, the Empire State has the third latest date in the nation for when taxpayers pay off all their tax obligations and start pocketing their hard - earned money to pay for things like mortgage, groceries, car payments, electric bills and college tuition.

In an era when taxpayers are demanding more and more services but balk at higher taxes, park districts are looking for innovative answers, officials say.

HOFFMAN ESTATES — At a time when taxpayers increasingly are demanding fiscal responsibility from their elected officials, there were plenty of signs that the Hoffman Estates Park District was sorely lacking just that.

But the project could force the Park District to ask voters» permission to sell bonds for financing at a time when taxpayers have been demanding property tax relief.

The potential benefit of Roth IRA conversions occurs when a taxpayer is presently in a lower tax bracket than he or she expects to be in retirement.

Other strategies include taking distributions from retirement plans before 70 1/2 when the taxpayer is in a lower bracket or investing in municipal bonds in order to receive tax - free interest income.

In 2012, the Cryptocurrency Legal Advocacy Group (CLAG) stressed the importance for taxpayers to determine whether taxes are due on a bitcoin - related transaction based on whether one has experienced a «realization event»: when a taxpayer has provided a service in exchange for bitcoins, a realization event has probably occurred and any gain or loss would likely be calculated using fair market values for the service provided.»

For an example of how to calculate QBI when a taxpayer has net capital gains, see this Eye on Housing post by NAHB economist David Logan.

When taxpayer dollars are used to purchase materials for infrastructure projects from overseas, we fail to support jobs...

Library officials last asked the public for additional funding back in 2009, when taxpayer contribution was bumped up to $ 321,000 annually.

Indentured servants, err... university professors, must jump to attention when a taxpayer speaks!

And because education is not just a «private good» — all of our welfare depends on an educated populace — isn't it appropriate for the public to demand that schools meet certain standards, especially when taxpayer dollars are involved?

For the teacher union elite and their fellow travelers, better education only happens when the taxpayer pours endless money into the education abyss.

You know the political system is truly broken when taxpayer funded lobby groups are lobbying to undermine students, parents, teachers and taxpayers.

With a neovoucher system, however, the taxpayer never pays (all or most of) the taxes, which are forgiven through the tax credit when the taxpayer instead pays the money to a private non-profit (often called a «school tuition organization» or STO).

That is, when a taxpayer chooses to donate to the (hypothetical) Arizona Pastafarian School Tuition Organization, which only provides neovouchers for a few associated Pastafarian private schools, a parent wishing to go to a different private school can not receive the resulting neovoucher for that purpose.

When a taxpayer has claimed a federal itemized deduction for state or local income tax payments and subsequently receives a refund related to those payments, the Internal Revenue Code requires the taxpayer to report the refund as income on Form 1040 for the year in which the refund was received.

Other strategies include taking distributions from retirement plans before 70 1/2 when the taxpayer is in a lower bracket or investing in municipal bonds in order to receive tax - free interest income.

An amount we pay to a taxpayer when the taxpayer has paid more tax than needed (often confused with a tax offset).

When a taxpayer withdraws money from the traditional IRA, some or all of that withdrawal will be tax - free because it's a return of non-deductible contributions.

When a taxpayer contributes to their own RRSP, they get a tax deduction that can be claimed in the year of contribution or carried forward and claimed in a future year.

Generally, the IRS is much more lenient when a taxpayer voluntarily complies with a filing requirement, even if it's late, than if they figure it out themselves and send a notice.

When a taxpayer receives a refund of state income taxes, and the taxpayer took a deduction on their federal tax return, and some of the payments made to the state were estimated payments that may have been made in a different calendar year... well, it can require some math to determine the taxable refund and the deductible portion of the estimated payment.

When a taxpayer turns 59 1/2, they may begin to take distributions from their 401 (k)(if plan rules allow for distributions) without a penalty.

When a taxpayer receives a RAL, the tax preparer lends the taxpayer the amount of their tax refund less the cost of interest and fees for the loan.

When a taxpayer e-files, they can ask the IRS and the state to electronically deposit the refund directly into their personal checking or savings account.

However, when a taxpayer participates in two enterprises operated through the same pass - through entity, at least one of the seven tests for each venture must be met to be considered to have materially participated in both activities.

Form 1099 - R is issued when a taxpayer does not make the required loan payments on time.