Sentences with phrase «against loss of income in»

By Definition Life insurance is meant to protect the policyholder's family against loss of income in case the policyholder meets a mishap or deceases due to some reason.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

Not exact matches

In that case, according to the IRS, rental losses of up to $ 25,000 for single taxpayers and married couples filing jointly (and $ 12,500 for married filing separately) can be used against other types of income.

Capital losses are allowed in full against capital gains plus up to $ 3,000 of ordinary income.

Taxpayers can deduct up to $ 3,000 of net losses (losses in excess of gains) each year against other income; taxpayers can carry over losses above that amount and deduct them from future gains.

But if you pass away before you use up all your capital losses, they may be applied against any type of income in the year of death.

For taxation years ending after March 20, 2013, your other sources of income must be subordinate to farming in order for farming losses to be deductible in full against your income from those other sources.

Since my income after taking into account the STCG of Rs. 3000 / - is below the taxable income (after considering the rebate under sec 80C, 80D etc., should I compulsarily adjust the STCG against the c / f STCL in this year or can I adjust the total loss of Rs. 5000 / - against my future year gains.

It is important to understand the three categories of income that is passive, nonpassive and portfolio income because losses in any category can not be offset against another for instance losses in passive income can not be offset against portfolio or the active income.

Any business loss realized in a year must be deducted in full against your other sources of income.

For instance, fluctuations in stock prices will change the amount of a gain or loss, and these changes themselves could change what tax bracket you wind up in, or change whether or not the loss winds up being fully deductible against ordinary income.

Second, in your example it just so happens that the amount of the capital loss on one lot is exactly the maximum amount that can be deducted against ordinary income.

Here, in the US, we have a stripped down version of negative gearing for rental properties - its called «rental real estate activity passive losses», and investors can deduct losses against current income, but up to a certain limit, with phase - out at high income levels.

As such, DI is usually needed to protect against loss of income earning ability by a person who needs to work in order to accumulate more retirement savings.

Also, when you consider what the value of the property is likely to be in 35 years the interest paid is likely to be much less than the total interest paid — this is why people investing in real estate choose to borrow as much as possible, even though it increases the interest paid to be more than the rent income received (here in OZ the overall loss is tax deductible against other income, eg.

Once you sell the holding, you have realized the loss, which enables you to take advantage of the tax laws and deduct those losses, first against any gains in your account (s), and then at a rate of $ 3,000 per year against ordinary income.

Based on these sources, claiming rental losses against other incomes in a given year is allowed as long as a profit is made over the life of the investment, excluding the effects of capital gains.

As with many countries, the practice of offsetting rental losses against income tax is possible, in certain [which?]

They know that you can't write off the entire $ 10,000 in short - term losses against your ordinary income, so they have to conjure up «other realized gains» of $ 7,000 out of nowhere.

If you have lost a loved one in a tractor trailer accident, you can file a wrongful death claim against the responsible parties and recover damages for loss of companionship, loss of income, medical bills, and funeral expenses.

Many of the sector's key players are running at a loss as they try to stabilise their costs against seasonal fluctuations in income.

When your career is jeopardized and results in a loss of income, you may also be able to claim the loss of income in a law suit against the at - fault driver, provided that you can provide adequate proof of the loss and job path.

«In Plain English,» disability insurance is simply protection against the loss of your income or paycheck due to a disability.

In case you get in an accident and you are at fault for other people's bodily injuries or death, Bodily Injury Liability (BI) will cover medical bills, pain or suffering, loss of income of another party in an accident and a legal defense if they file a lawsuit against yoIn case you get in an accident and you are at fault for other people's bodily injuries or death, Bodily Injury Liability (BI) will cover medical bills, pain or suffering, loss of income of another party in an accident and a legal defense if they file a lawsuit against yoin an accident and you are at fault for other people's bodily injuries or death, Bodily Injury Liability (BI) will cover medical bills, pain or suffering, loss of income of another party in an accident and a legal defense if they file a lawsuit against yoin an accident and a legal defense if they file a lawsuit against you.

By having a mortgage protection life insurance plan in place, your home and family will be financially protected against death and the loss of income.

In general, the property component of this insurance protects property against loss, including loss of its income - generation capabilities.

This way, people can secure their family sufficiently against any loss of income which the family might face in the absence of the life insured.

While health insurance is designed to protect against financial loss in the event of medical expenses, it does not replace lost income during a period of disability.

A good term policy that is maintained as goals are being pursued by the new family is a proactive measure against loss of income earning potential of both partners in a marriage.

Accidental cover, on the other hand, insures you against financial risk that could occur due to accidental permanent disability or loss of income in case of a death of the earning member.

Short Term and Long Term Capital Loss - The major benefit of monthly income plan as compared to fixed deposit or post office schemes is that if you face loss in MIP, you can cover it off against the capital gain in the ongoing year or within next 8 yeLoss - The major benefit of monthly income plan as compared to fixed deposit or post office schemes is that if you face loss in MIP, you can cover it off against the capital gain in the ongoing year or within next 8 yeloss in MIP, you can cover it off against the capital gain in the ongoing year or within next 8 years.

We help protect your employees and your customers with property insurance that includes spoilage coverage; general liability insurance that protects in the event of slips, falls, and more; and business income coverage to protect against a loss of income.

In its simplest form, it's a tool to protect against the loss of income.

This very competitively priced plan provides long term protection that can help in meeting a wide variety of needs, including income for a surviving spouse and / or other loved ones, funds for paying estate taxes, funding for business continuation plans, and / or protection against the loss of a key employee or business owner.

Option to choose as lump sum, monthly income payout or annual increase in payout safeguards your family against the loss of the income.

Even if you retire in your 40s or 50s, most people can find reasonable rates for a term life insurance policy that protects against this loss of income until you retire in your 60s or 70s.

In addition, up to $ 3,000 of losses, in excess of investment profits, can be deducted against ordinary income, increasing your portfolio's tax efficiencIn addition, up to $ 3,000 of losses, in excess of investment profits, can be deducted against ordinary income, increasing your portfolio's tax efficiencin excess of investment profits, can be deducted against ordinary income, increasing your portfolio's tax efficiency.