Sentences with phrase «allowable amount by»

The current allowable amount by federal standards is 100 parts per trillion.

Not exact matches

The equipment must qualify for the deduction per the specifications within Section 179 of the tax code and the purchase price must be within the dollar amount ranges allowable by the code.

That's the maximum amount allowable by law, which is significantly more than the $ 5,000 per year that can be donated by corporations, from which Nixon said she wouldn't accept any money.

So, that means one front wheel could be in front of the other by a small, but allowable, amount.

For all these reasons, experienced financial planners (including Wealthsimple) suggest that most people invest the full amount allowable by the government in their RRSPs — or as much as they can afford.

In addition, the amount of gain eligible for this deduction may be affected by the balance in your cumulative net investment loss (CNIL) account (see topic 149) and if you have ever claimed an allowable business investment loss (ABIL)(see topic 142).

The tax deduction can be claimed by entering the allowable amount of your deduction on Line 33 of IRS Tax Form 1040 (or Line 18 of Form 1040A; or Line 32 of Form 1040NR; or Line 9 of Form 1040NR - EZ).

It is also important to understand that you must reduce the maximum amount of allowable dependent care expenses in figuring your Child and Dependent Care Credit by the amount of employer benefits received (reported in box 10 of your Form W - 2).

While FHA defines which closing costs are allowable as charges to the borrower, the specific costs and amounts that are deemed reasonable and customary are determined by each local FHA office.

Under a special allowance extended through 2011, a deduction is limited for most individuals by 50 % of the contribution base over the amount of all other allowable charitable contributions for the tax year, with a maximum carryforward of 15 years.

Cash Back: Cash out is allowable for VA refinance loans, the amount of cash back is determined by the current market value of the property.

Excess contributions If you contribute more than the allowable amount for a given tax year (excess contribution) to your IRA or make an improper rollover (which are deemed to be regular contributions), you must withdraw the excess along with any earnings by the due date of your tax return, including extensions.

It is also important to understand that you must reduce the maximum amount of allowable dependent care expenses in figuring your credit by the amount in box 10 of your Form W - 2.

In the event of a willful violation by a credit repair services organization of this Part or of a contract subject to this Part, a person who is injured thereby shall be awarded, in addition to the damages allowable under Subsection A of this Section, an additional amount equal to twice the actual damages awarded under Subsection A of this Section.

'' (3) Any amount deducted from gross income under section 164 of the Code as state, local, or foreign income tax or tax, as state or local general sales tax tax, or as qualified motor vehicle tax to the extent that the taxpayer's total itemized deductions deducted under the Code for the taxable year exceed the standard deduction allowable to the taxpayer under the Code reduced by the amount the taxpayer is required to add to taxable income under subdivision (4) of this subsection.subsection (a2) of this section.»

To put this into perspective, consider that the total amount of «allowable» input of greenhouse gases required to achieve a 350 ppm CO2 target by the end of the century is 500 GtCO2 - equivalent.

For example, it would be important to assess whether monthly claims for food by a government minister involved in overseas travel are constantly close to the monthly «unreceipted» allowable amount of # 400 despite the regular absence of the MP from his or her second home.

Any lawsuit filed after August 1, 1999, fell under a graduated scale of allowable amounts recoverable by the patient or their family.

Assuming the dentist is «in - network», that means that the dentist has agreed to bill the insurance company first, and has agreed to accept some amount less than the total (e.g. if the dentist's bill is $ 1200 the allowable may be capped at $ 1000, and then $ 350 of that would be paid by you, the remainder being paid by the insurance company — if all goes well).

They will do everything within the law to ensure you receive the maximum amount of allowable protection afforded by the bankruptcy code, so that you can maintain a normal standard of living while going through bankruptcy.

Certain life insurance policies — such as universal life insurance — also allow policyholders to accumulate tax - deferred funds by investing the maximum allowable amount into the cash value portion of their insurance policy.

That's why United States insurance analysts recommend that all drivers in the United States buy more than the minimum allowable amount of car insurance required by state law.

If it is deemed medically necessary to evacuate you to another facility or home by the treating physician, the AXA Assistance USA Travel Insurance Plan provides coverage up to the stated maximum allowable benefit amount.

And I lost my legs (PPD), for which amount allowable by their tables may be 1L and 2L individually.

And I break my finger, for which amount allowable by their tables may be 30k and 25k individually.

Where a landlord has not increased the rent each year by the allowable amount, the rent increase can be banked from prior years.