Sentences with phrase «based on the deduction»

«The idea of avoiding peanuts was based on deduction, but it seems like that wasn't a good idea.»

«These families have already made financial decisions based on this deduction, and to have it removed without any chance to prepare is unfair.»

Your MAGI can change based on the deduction, but it's essentially your AGI plus any deductions the IRS requires you to add back in, like tax exempt interest income.

Check with Human Resources to determine what the amount of your paycheck will be based on the deductions and other elections that you have chosen.

Not exact matches

People have accomplished that by exploiting a giant loophole: The size of the tax deduction is based on a claim about how much the land's value is diminished by the promise not to develop it.

A more significant move would be to restrict access to the small business tax deduction based on the number of employees a corporation has.

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

In general, there are limits to the deduction based on the amount of employee wages your company pays a year and the depreciable property it has.

The study is based on responses from 3,254 people, including 1,706 women, who have donated to charities and claimed itemized charitable deductions on their 2015 tax returns.

It is not an assumption or deduction based on another theory or supposition.

Your standard deduction will be automatically calculated for you based on the filing status and number of dependents you enter.

Participation in this Plan allows you to save from 1 percent to 50 percent of your eligible compensation, not to exceed $ 18,000 in calendar year 2016, on a pretax basis through the convenience of payroll deductions.

We sell our units on a continuous basis at initial offering prices of $ 10.00 per Class A unit, $ 9.576 per Class C unit, and $ 9.186 per Class I unit; however, to the extent that our net asset value on the most recent valuation date increases above or decreases below our net proceeds per unit as stated in the Company's prospectus, our board of managers will adjust the offering prices of all classes of units to ensure that no unit is sold at a price, after deduction of selling commissions, dealer manager fees and organization and offering expenses, that is above or below our net asset value per unit as of such valuation date.

Taxpayers who itemize deductions on Schedule A are also eligible to deduct real estate taxes paid on a primary residence, said Laurie Samay, a New York - based certified financial planner with Palisades Hudson Financial Group.

Of course, actual deductions must be based on percentage of business use.

In order to find out if you can or should deduct certain things from your taxes, remember this: 1 — You can take a deduction in two ways — a standard deduction, a set amount based on your filing status and itemized deductions, which...

And while student loans are generally a good investment based on increased income potential in your lifetime, along with some deductions, it's not good debt to keep around.

But many do not seem to be aware of the extent of tax deductions they can claim by operating a home - based business, which range from the interest on your mortgage, if you're carrying one on your home, through a portion of the cost of cleaning materials as 6 Home Based Business Tax Deductions You Don't Want to Missdeductions they can claim by operating a home - based business, which range from the interest on your mortgage, if you're carrying one on your home, through a portion of the cost of cleaning materials as 6 Home Based Business Tax Deductions You Don't Want to Miss explbased business, which range from the interest on your mortgage, if you're carrying one on your home, through a portion of the cost of cleaning materials as 6 Home Based Business Tax Deductions You Don't Want to Miss explBased Business Tax Deductions You Don't Want to MissDeductions You Don't Want to Miss explains.

For a home office to be eligible for this deduction it must be exclusively used on a regular basis for your business.

If a parent makes payments on a student's loans, the parent can not claim the student loan interest deduction based on those payments, since the parent was not legally obligated to make payments on the student's loans.

That means at the end of the year you get a tax deduction based on the amount you contributed, but you pay taxes on money you take out at the end.

Section 162 (m) of the Code imposes a $ 1.0 million cap on the compensation deduction that a public company may take in respect of compensation paid to our «covered employees» (which includes our Chief Executive Officer and our next three most highly compensated employees other than our Chief Financial Officer), but excludes from the calculation of amounts subject to this limitation any amounts that constitute «qualified performance - based compensation,» or «QPBC,» within the meaning of Section 162 (m) of the Code.

A borrower is able to claim the student loan interest deduction based on voluntarily makes payments of interest during a period when such payments are not required, such as during a forbearance, deferment or grace period.

An indexation allowance may be available to such a holder to give an additional deduction based on the indexation of its base cost in the shares by reference to U.K. retail price inflation over its holding period (but note that, in respect of disposals on or after 1 January 2018, the U.K. Government announced plans in the Autumn Budget 2017 to freeze indexation allowance at the amount that would be due based on the retail price index for December 2017).

Based on the limitations imposed by Code Section 162 (m), we generally may receive a federal income tax deduction for compensation paid to our Chief Executive Officer and to certain of our other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any year or is «performance - based» under Code Section 162Based on the limitations imposed by Code Section 162 (m), we generally may receive a federal income tax deduction for compensation paid to our Chief Executive Officer and to certain of our other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any year or is «performance - based» under Code Section 162based» under Code Section 162 (m).

These provisions are partially offset by tax base - broadening provisions, including reducing the limit on interest deductions ($ 172 billion), eliminating the domestic production activities deduction ($ 95 billion), limiting carryover of net operating losses ($ 156 billion), eliminating the orphan drug tax credit ($ 54 billion), and eliminating private activity bonds ($ 39 billion).

First off, there's the standard deduction, which the Internal Revenue Service (IRS) adjusts based on inflation rates.

These deductions must be remitted to the Canada Revenue Agency (CRA) on a regular basis.

Investing in an RRSP can be useful as a way to build capital on a tax - deferred basis and receive a tax deduction in the current year.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

I say to clients we could set up a vehicle that's inexpensive and easy, fund it with low basis securities, potentially avoid the capital gain on the disposition of the securities, and get you a tax deduction at fair market value.

Overall, the reform would shift from a worldwide system to a territorial system, based on where consumption occurs rather than where production takes place; from a system that allows interest deduction to one that largely ignores financial flows; and from a tax on income toward a tax on consumption.

Unlike tax deductions, which require you to add up your expenses and see whether it pays to itemize your deductions or simply take the standard deduction, tax exemptions are based on preset numbers and don't rely on heavy math.

Families of five or more members are eligible with even higher incomes, and families with income just over the limits may be eligible for income deductions based on USDA guidelines.

Even if we assume that SNA loses its current tax deductions and just pays the new statutory rate of 21 %, that would be worth an additional $ 87 million based on 2017 NOPAT, a 13 % increase and a bump up in NOPAT margin to 18.5 % from the current 16.3 %.

As mentioned above, the income thresholds of $ 315,000 for a couple and $ 157,500 for a single filer are based on taxable income — that is income after deducting the standard or itemized deductions from adjusted gross income.

Certain itemized deductions are based on a minimum (or «floor») amount.

Based on his long collaboration with Hans Urs von Balthasar, Joseph Ratzinger was able to capture the essence of his friend's theological aesthetics in this single, lapidary line: «Being overcome by the beauty of Christ is a more real, more profound knowledge than mere rational deduction.»

Of course metaphysics does not rely on external deductions based on the behavior of bodies.

I was too impressed by the basic accomplishment of landing on one's feet after completing a so - called «double - twisting, double back flip» — something 99.9 % of humanity could never hope to do — to be worried about deductions based on form.

I base my philosophical deductions on these reliable facts, but I do not hold a phenomenalism which pretends that objects only exist so far as they are perceived by a sentient being.

His epistemological conception was based on purely rationalistic deductions.

But this sort of deduction about entities in space, based on this presupposition about its character, still is widespread, still fancying itself «sensible.»

One can never test an individual hypothesis conclusively in a «crucial experiment»; for if a deduction is not confirmed experimentally, one can not be sure which one, from among the many assumptions on which the deduction was based, was in error.

All of these theories and observations are based on concrete scientific conclusions and mathematical deductions.

It is too simple, consequently, to see empirical theology as simply another theology, basing thought on experiences rather than on schemes or reasons, proposing that generalization proceed by induction rather than by deduction, advancing a pluralism in place of a monism, or a naturalism in place of a transcendentalism.

: no, it can not be, but at least science has a good crack at a timetable based on observation, deduction and research, whereas the Biblical number has what backing it up?

Places in mainstream free schools will be funded on the same basis as those in a mainstream academy, with deductions made from the local authority in which the free school is located.

Deductions will be made from the pupil's home local authority, based on October 2015 school census data.

The system would be funded by a payroll deduction of less than $ 1 a week, and the benefit would be capped based on average state wages.