Sentences with phrase «additional ordinary income»

Not exact matches

Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 1/2, may be subject to an additional 10 % federal income tax.

Any additional gain or loss recognized on such premature sale of the shares in excess of the amount treated as ordinary income will be characterized as capital gain or loss.

A return of premium rider is available for an additional cost, but the income from these vehicles will be taxed as ordinary income in the same manner as other types of annuity payments.

Earnings are taxable as ordinary income when distributed and may be subject to a 10 % additional tax if withdrawn before age 59 1/2.

Withdrawal from a tax - deferred account are subject to ordinary income tax treatment and if taken prior to age 59 1/2 may also be subject to an additional 10 % federal income tax penalty.

Withdrawals from an annuity contract are taxable as ordinary income and, if made prior to age 59 1/2, may be subject to an additional 10 % federal tax.

Earnings are taxable as ordinary income when distributed and may be subject to a 10 % additional tax if withdrawn before age 59 1/2.

Any additional losses can be carried - forward into future years, to offset either capital gains or another $ 3,000 in ordinary income.

Earnings are taxable as ordinary income when distributed and may be subject to a 10 % additional tax if withdrawn prior to age 59 1/2.

Earnings are taxable as ordinary income when distributed, and if taken before age 59 1/2, may be subject to a 10 % additional tax.

are taxed as ordinary income and may be subject to a 10 % additional federal tax.

Furthermore, these funds have relatively high turnover, which can be an indicator of additional hidden costs related to trading and to short - term returns and non-qualified dividends that would be taxed at ordinary income tax rates.

Withdrawals are subject to ordinary income tax treatment and may be subject to an additional 10 % federal income tax penalty.

Withdrawals from Individual Retirement Accounts is subject to ordinary income tax treatment and if made prior to age 59 1/2 may be subject to an additional 10 % federal income tax penalty.

Typically withdrawals from tax - deferred investments are taxed as ordinary income and any withdrawals taken prior to age 59 1/2 may be subject to an additional 10 percent federal tax penalty.

Forms 1040, 1040A & 1040EZ Form 1040 Schedule A — Itemized Deductions Form 1040 Schedule B — Interest and Ordinary Dividends Form 1040 Schedule C — Net Profit or Loss Form 1040 Schedule D — Capital Gains and Losses Form 1040 Schedule E — Supplemental Income and Loss Form 1040 Schedule EIC — Earned Income Credit Form 1040 Schedule F — Profit or Loss from Farming Form 1040 Schedule H — Household Employment Taxes Form 1040 Schedule R — Credit for the Elderly or the Disabled Form 1040 Schedule SE — Self - employment Tax FEC — Foreign Employer Compensation for eFile Form Payment — Form Payment for eFile Form 982 — Reduction of Tax Attributes Due to Discharge of Indebtedness Form 1116 — Foreign Tax Credit (Individual, Estate, or Trust) Form 1310 — Statement of Person Claiming Refund Due a Deceased Taxpayer Form 2106 — Employee Business Expenses Form 2120 — Multiple Support Declaration Form 2441 — Child and Dependent Care Expenses Form 2555 — Foreign Earned Income Form 3800 — General Business Credit Form 3903 — Moving Expenses Form 4137 — Social Security and Medicare tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, et.

Note that withdrawals from deductible and nondeductible traditional IRAs are subject to ordinary income taxes and if withdrawn prior to age 59 1/2 may be subject to an additional 10 percent federal income tax penalty (for nondeductible traditional IRAs, only the portion of the withdrawal attributable to earnings is taxable).

In general, distributions by the fund of investment company taxable income (including net short - term capital gains), if any, whether received in cash or additional shares, will be taxable to you as ordinary income.

Redemptions of shares in an underlying fund, including those resulting from allocation changes, could also cause additional distributable gains to shareholders, a portion of which may be short - term capital gains distributable as ordinary income.

An additional 3.8 % Medicare tax is imposed on certain net investment income (including ordinary dividends and capital gain distributions received from the fund and net gains from redemptions or other taxable dispositions of fund shares) of U.S. individuals, estates and trusts to the extent that such person's «modified adjusted gross income» (in the case of an individual) or «adjusted gross income» (in the case of an estate or trust) exceeds a threshold amount.

Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 1/2, may be subject to an additional 10 % federal income tax.

The ordinary income tax rate on incomes above $ 500,000 in 2018 ($ 600,000 for married couples filing jointly) is 37 %, plus additional Affordable Care Act taxes on high income individuals.

If the policy is a MEC, all distributions (withdrawals or loans) are taxed as ordinary income to the extent of gain in the policy, and may also be subject to an additional 10 % premature distribution penalty prior to age 59 1/2, unless certain exceptions are applicable.

Yes, I might be losing out on some additional income but really the «hurt» is in paying ordinary income taxes.