Sentences with phrase «between single taxpayers»

The 1948 tax reform fixed one inequality but created a new inequality — this time between single taxpayers and married taxpayers.

Not exact matches

For single and head - of - household taxpayers in that situation, the deduction is phased out for modified adjusted gross incomes between $ 63,000 and $ 73,000 for 2018.

These wage and property rules are phased in between $ 315,000 and $ 415,000 in taxable income for married couples filing jointly (and half those amounts for single taxpayers).

Taxpayers eligible for the savings include single filers with taxable income between $ 20,000 and $ 150,000; heads of households with taxable income between $ 30,000 and $ 225,000; and married joint filers with taxable income between $ 40,000 and $ 300,000.

Single or head - of - household taxpayers who earn between $ 125,000 and $ 145,000, and married couples who earn between $ 225,000 and $ 245,000 are eligible to receive a partial credit.

Social Security benefits are not currently taxed, but starting in 2020, taxpayers turning 67 will have to choose between deducting Social Security income or $ 20,000 of all income sources for single filers ($ 40,000 for couples).

For example, a single taxpayer with $ 50,000 of taxable income in 2011 will pay 10 percent on the first $ 8,500, 15 percent on income between $ 8,501 - 34,500 and so on.