Sentences with phrase «allow most taxpayers»

Traditional IRAs allow most taxpayers to deduct their contributions, giving them immediate tax savings.

Not exact matches

But taxpayers would, the argument goes, be allowed to fully deduct the amount on their federal tax returns because the new law still allows most charitable giving to be deducted for federal tax purposes.

Recharacterizations: Although most retirement plan rules would remain intact, the House bill repeals the rule allowing a taxpayer to recharacterize a Roth IRA back into a traditional IRA.

Equity Income Funds typically distribute most of their income in the form of Qualified Dividends, which for many taxpayers are taxed relatively lightly, allowing most Equity Income Funds and ETFs to be considered High Tax Efficiency investments when compared with other investment options that generate taxable income.

They suggested three ways in which RFRA might conceivably be interpreted (misinterpreted, really) to create bad consequences: (1) to give a church's opponents legal «standing» (a technical term meaning the right to sue) to challenge the church's tax - exempt status; (2) to allow taxpayers to claim their free exercise rights would be violated if a religiously affiliated organization receives government assistance under a secular program; and, most importantly, (3) to allow pro-abortion plaintiffs to claim a free exercise right to abortion if Roe v. Wade is overruled and states enact anti-abortion laws.

Senate Democratic official added: «There are no plans to print this at the taxpayers expense because it won't allow us to use public funds for political purposes to retake the Senate, which is what most of what our public funds are used for.»

These proposals are grouped, starting with the most urgently needed to prevent future library closings, and progressing through a series of service restorations that will allow the downsized Buffalo and Erie County Public Library System to meet continued high public demand for service at a cost that would still be down to approximately what the taxpayers provided in 1999.

«Senate Republicans believe we should invest these resources where they will help hardworking New Yorkers the most ---- through meaningful tax relief that allows families to make ends meet, infrastructure improvements that create new jobs, and a commitment to improving our schools while reducing the burden on property taxpayers,» Skelos said in a statement.

Johnson outlined in the Guardian the view that tuition fees allow the Government to reconcile its three policy objectives for undergraduate higher education: to reduce inequality, to fund institutions on a level which facilitates global competitiveness, and also to share the cost «between the individual student benefitting from a graduate earnings premium and taxpayers in general, most of whom will not have attended university.»

Consistency may be the hobgoblin of small minds; yet the contrast between allowing taxpayer support of private schools, which are neither accountable nor transparent to the public, and imposing the most stringent reporting and accountability standards on all public schools should alarm the fair - minded.

Voucher programs are governed by different laws in different states, but most allow private schools to accept taxpayer dollars yet reject students with vouchers for a variety of reasons, ranging from disability to ability to pay.

Sarah Darer Littman, pro-public school advocate, award winning columnist and parent has written one of the most powerful commentary pieces about the state of the state when it comes to the Charter School Industry and how the Malloy administration has allowed tens of millions in taxpayer funds to be diverted to people and companies that are literally felons, liars and cheats.

RRSP loans are offered by most banks and are designed to allow a taxpayer the ability to maximize their RRSP contribution.

This is because most savings interest now falls under the personal savings allowance (PSA), which allows basic - rate taxpayers to earn up to # 1,000 tax free (higher rate # 500, additional rate # 0) in interest income each tax year.

In 2012, Barack Obama signed a law that made the lower rates permanent for most taxpayers but allowed the rate reductions for high - income individuals to expire.

But most people don't have to do it (5 million is still small compared to the total number of taxpayers) so there's a good chance you didn't even know you were allowed to correct your tax return.