Sentences with phrase «amount of additional tax»

Your tax bracket can be used to estimate the amount of additional tax you'll pay if your income increases — or the amount you'll save if you can claim a deduction.

«In particular, by delaying its new Caseflow and Spectrum systems, the department has reduced the amount of additional tax likely to be collected by 2014 - 15 from # 743 million to # 547 million.»

Although the Park District is still determining the amount of additional tax revenues it will seek, its executive director, Stephen Scholten, said the question will be on the ballot in March 2002.

It usually resulted in either a small deposit into my bank account or a bill to pay a small amount of additional taxes.

You pay $ 225 more in taxes (actually, because of amortization, the amount of additional taxes has been steadily increasing as the interest portion of the loan payments has reduced) but have the remaining $ 1575 in your pocket to do something else.

Not exact matches

Unfortunately, over the years, more and more middle income taxpayers have been subject to the AMT and have consequently owed additional taxes, because the AMT exemption — the amount of income which isn't subject to additional taxes — isn't indexed to inflation.

Step 3: Determine the amount of additional taxable income (above your estimated level in Step 1) that you can withdraw from a tax - deferred account, like a traditional IRA or 401 (k), without affecting your target marginal tax rate.

An increase in child disability benefits «To recognize the additional costs of caring for a child with a severe disability,» Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $ 2,730 for each child who is eligible for the Disability Tax Credit.

Upon closing of this offering, we will record $ million as an increase to the liabilities due to existing owners under certain of the TRAs, see «Notes to Unaudited Pro Forma Consolidated Balance Sheets,» and in the future we may record additional amounts as additional liabilities due to existing owners under the five TRAs, such amounts collectively representing our estimate of our requirement to pay approximately 85 % of the estimated realizable tax benefit resulting from (i) any existing tax attributes associated with interests in Desert Newco, LLC acquired in the Reorganization Transactions and the exchanges described above, the benefit of which is allocable to us as a result of the same, (ii) the increase in the tax basis of tangible and intangible assets of Desert Newco, LLC resulting from the exchanges as described above and (iii) certain other tax benefits related to entering into the TRAs, including tax benefits related to imputed interest and tax benefits attributable to payments under the

Additional uncertainty in these calculations arises from the assumption that a 10 per cent GST has the same effect on the retail price as a 10 per cent WST, even though the WST is levied at an earlier stage of production and therefore represents a smaller amount of tax for a given tax rate.

Specific policies include a Canada Employment Credit and Tax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilitiTax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilititax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilities.

This means you will have underpaid your Medicare tax by $ 450 (0.9 % of $ 50,000) and will owe the additional amount when you file your taxes.

Over 50 Contributions — People over the age of 50 are allowed to contribute larger amounts of money to their 401Ks without incurring penalties or additional taxes, thus allowing more money to be invested in stocks and bonds.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Additionally, to provide additional tax - savings to area residents, the county will assume over half (52 %) of the Community College chargeback burden, which will amount to $ 3.6 million in savings to taxpayers across the county.

Mr Osborne's combination of # 32 bn additional spending cuts by 2014 - 15 and an # 8 bn net tax hike amounts to an unprecedented fiscal squeeze, including an extremely severe clampdown on the welfare bill.

This amounts to hundreds of thousands of dollars of additional taxes every year for each municipality.

Provided an additional $ 76.6 million in Tax limitation aidfor districts with high residential tax burdens and for districts that provide a high amount of local per pupil funTax limitation aidfor districts with high residential tax burdens and for districts that provide a high amount of local per pupil funtax burdens and for districts that provide a high amount of local per pupil funds.

In 2016, 25 of the 33 already shared some portion of the additional tax dollars with their charter schools, an amount estimated to be around two thirds of what charters will be entitled to under the new law.

An investigation by the Department's Office of Aviation Enforcement and Proceedings («Enforcement Office») revealed that prior to January 26, 2012, Voyager Travel advertised air tour packages in a manner that did not meet Department requirements under Part 399 because the advertisements failed to include all fuel surcharges in the prices advertised, failed to state that the prices were subject to post purchase price increases, and failed to provide appropriate notice of the existence, nature, and amount of other charges and additional taxes and government - imposed fees that were then permitted to be stated separately from the base fare.

The advertisement noted that additional taxes, fees and exclusions would apply, but with no information on the type or amount of taxes or fees.

(Federal ID # 27-5011514) * Amounts shown for TAXES apply to payment on behalf of winner for IRS withholding requirement, additional taxes may be TAXES apply to payment on behalf of winner for IRS withholding requirement, additional taxes may be taxes may be owed.

You can speak to a tax professional about how to report this at the end of the tax year in order to receive a tax return for any additional amount that you are due.

You can speak to a tax professional about how to report this at the end of the tax year in order to receive a tax refund for any additional amount that you are due.

If you meet all other requirements but the amount of tax you owe at the end of the year is either zero or an amount that is less than the credit, you can not claim the full child tax credit of $ 1,000; however, you may be eligible for the reduced additional child tax credit if you complete IRS Form 8812.

If you do not benefit from the full amount of the Child Tax Credit (because the credit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax Credit.

my transcripts haven't updated and it also gives code 290 additional tax assessed for the day of 4/13 and 4/20 with the amount of 0.

changes in the amount of rental payments to cover additional costs incurred by the landlord because of increases in property taxes, increases in utilities, and increases in property insurance premiums.

However, the new rates will allow tax deduction only till the amount of 200000 rupees and the additional amount that has been paid for the interest can be carried forward for the next 8 assessment years.

If you regularly owe taxes when you file your return, or if you have other income sources or deductions that may affect your tax rate, adding an additional withheld amount on line 6 of your W - 4 may put you in a refund position or keep you from owing too much.

If you get $ 1,000,000 of debt forgiven in settlement, you will be taxed on that amount as additional income.

The current A-CESG is such that an additional 20 per cent grant is added if your family net income (the sum of the amounts reported on line 236 of you and your spouse's — if applicable — tax form) is below $ 43,953.

As I understand it, you discovered that you had underpaid your taxes, you sent the IRS an amended return with a check for the additional amount due, and the IRS rejected it saying the statute of limitations had expired.

You must report additional information from your tax return and other related documents to calculate the amount of credit you can get.

If your credits, withholdings and estimated tax payments are less than the amount of tax owed in # 6 above, you'll owe additional taxes when you file your return.

While you might be thinking you can reduce the amount withheld by claiming more allowances, if you don't have enough withheld during the year, you'll have to pay the balance — and possibly additional interest and penalties — when you file your taxes at the end of the year.

If in this case the full amount of the distribution is taxable, the additional tax (not including the regular income tax amount on the distribution at your tax rate) would equal $ 3,975.

The penalty is 1/2 % of the amount of tax if the failure is for not more than 1 month, with an additional 1/2 % for each additional month or fraction of the month during which the failure continues, not to exceed 25 %.

Form 1040 (Schedule 8812) efile it, Additional Child Tax Credit, is used to figure out if you qualify for the credit and to calculate the amount of the credit you will receive.

You also have the option of withdrawing funds from your account for the amount of the scholarship without being subject to the 10 % additional tax.

• Your withholding status (tells your employer whether to withhold at the «single» tax rate or the lower «married» tax rate) • The number of withholding allowances you claim (each allowance reduces the amount of tax withheld) • Whether you want an additional amount withheld

The additional tax applies to the entire taxable amount of the distribution unless an exception applies.

This is an additional 15 % tax on the lessor of your concessional contributions or the amount in excess of the Division 293 income threshold.

«To recognize the additional costs of caring for a child with a severe disability,» Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $ 2,730 for each child who is eligible for the Disability Tax Credit.

Modified Adjusted Gross Incomes (MAGI) over $ 200,000 will be subject to additional 3.8 % Medicare tax on all dividends and capital gains, regardless of the amount

The earnings portion of the amount withdrawn will be subject to the additional 10 % federal tax to the extent the amount withdrawn exceeds the amount of the scholarship.

The 7 - pay test basically places a cap on the amount of money you can put into a policy for the first seven years of its duration — pump in more money than the cap allows, and your policy becomes an MEC, which is subject to both normal income taxes and an additional tax penalty whenever loans are taken out on the policy before age 59 1/2.

If you receive large amounts of this interest, or if you have other items on your tax return that are affected by AMT, this portion of your exempt interest distribution may cause you to pay additional tax as a result of the AMT.

Although you owe a substantial amount of tax on this additional income, you fall within an exception to the requirement to make estimated tax payments.

Depending on the amount of the original debt, this additional tax burden could put you in a worse situation.