Sentences with phrase «certain alimony deductions»

Not exact matches

These include deductions for contributions to individual retirement accounts, alimony payments, certain moving expenses, and interest on student loans.

AGI excludes certain types of income received (e.g., municipal bond interest, most Social Security income) or payments made (e.g., alimony paid, IRA deductions, moving expenses).

* Taxable income is your gross income, less certain adjustments (expenses, qualified account contributions, alimony paid), less all deductions (mortgage interest, property taxes, charitable contributions.).

These include deductions for contributions to individual retirement accounts, alimony payments, certain moving expenses, and interest on student loans.

To calculate your AGI, you're allowed to subtract various deductions from your total income, including IRA contributions, alimony, moving costs and certain business expenses.

The adjustments — sometimes called above - the - line deductions because you can claim them whether or not you itemize deductions — include (among other things) deductible contributions to Individual Retirement Accounts (IRAs), SIMPLE and Keogh plans, contributions to Health Savings Accounts (HSAs), job - related moving expenses, any penalty paid on early withdrawal of savings, the deduction for 50 percent of the self - employment tax paid by self - employed taxpayers, alimony payments, up to $ 2,500 of interest on higher education loans and certain qualifying college costs.

Adjustments are subject to change each year, but include a portion of self - employment taxes you pay, alimony payments you pay, the student loan interest deduction, and contributions to certain retirement accounts.

The court will make certain deductions to the income, including taxes and alimony paid to the other party.