Availability of
certain federal income tax deductions may depend on whether you itemize deductions.
Content provided relates to taxation at the federal level only, and availability of
certain federal income tax deductions may depend on whether you itemize deductions.
Not exact matches
Code Section 162 (m) limits the U.S.
federal income tax deduction for compensation paid to our Chief Executive Officer, our Chief Financial Officer and
certain other highly compensated executive officers (including, among others, our next three other most highly compensated executive officers (other than the Chief Executive Officer and Chief Financial Officer) as of the end of the calendar year).
To the extent that in 2018 or any later year, the aggregate amount of any covered officer's salary, bonus, and amount realized from option exercises and vesting of restricted stock units or other equity awards, and
certain other compensation amounts that are recognized as taxable
income by the officer exceeds $ 1,000,000 in any year, we will not be entitled to a U.S.
federal income tax deduction for the amount over $ 1,000,000 in that year.
Because of the limitations of Internal Revenue Code Section 162 (m), we generally receive a
federal income tax deduction for compensation paid to our chief executive officer and to
certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any fiscal year or is «performance - based» under Code Section 162 (m).
The 2016 Plan has been designed to permit the administrator to grant
certain awards in its discretion that qualify as performance - based for purposes of satisfying the conditions of Section 162 (m), thereby permitting us to receive a
federal income tax deduction in connection with such awards.
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 162 (m).
Your or your family's wages, salaries, interest, dividends, etc., minus
certain deductions from
income as reported on a
federal income tax return.
Passage of the bill would revise the
federal income tax system by: lowering individual and corporate
tax rates; consolidating the current seven
tax income rates into four rates; eliminating the
deduction for state and local
income taxes; limiting
certain deductions for property
taxes and home mortgages; and creating a new system of
taxing U.S. corporations with foreign subsidiaries.
Tax Overhaul — Vote Passed (227 - 205, 2 Not Voting) Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
Tax Overhaul — Vote Passed (227 - 205, 2 Not Voting) Passage of the bill would revise the
federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax system by: lowering individual and corporate
tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax rates; consolidating the current seven
tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax income rates into four rates; eliminating the
deduction for state and local
income taxes; limiting
certain deductions for property
taxes and home mortgages; and creating a new system of
taxing U.S. corporations with foreign subsidiaries.
Tax Overhaul — Motion to Proceed — Vote Agreed to (52 - 48) McConnell, R - Ky., motion to proceed to the bill that would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
Tax Overhaul — Motion to Proceed — Vote Agreed to (52 - 48) McConnell, R - Ky., motion to proceed to the bill that would revise the
federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax system by: lowering individual and corporate
tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax rates; consolidating the current seven
tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiari
tax income rates into four rates; eliminating the
deduction for state and local
income taxes; limiting
certain deductions for property
taxes and home mortgages; and creating a new system of
taxing U.S. corporations with foreign subsidiaries.
Adjusted Gross Family
Income: The sum of your family's wages, salary, interest, dividends, etc., minus certain deductions from income as reported on federal income tax r
Income: The sum of your family's wages, salary, interest, dividends, etc., minus
certain deductions from
income as reported on federal income tax r
income as reported on
federal income tax r
income tax return.
Residents filing in AL, LA, MO and OR are allowed a
deduction for
federal taxes equal to your
federal income tax liability from your return after subtracting
certain federal tax credits.
The MI 529 Advisor Plan enables your savings to grow free of state and
federal income tax and your contributions to receive a state
income tax deduction up to a
certain amount.
You or your family's wages, salaries, interest, dividends, etc., minus
certain deductions from
income as reported on a
federal income tax return.
Your or your family's wages, salaries, interest, dividends, etc., minus
certain deductions from
income as reported on a
federal income tax return.
tax will be required to include in gross
income (in addition to taxable dividends actually received) his or her pro rata share of the foreign
taxes paid by a Fund, and may be entitled either to deduct (as an itemized
deduction) his or her pro rata share of foreign
taxes in computing his or her taxable
income or to use it as a foreign
tax credit against his or her U.S.
federal income tax liability, subject to
certain limitations.
Once the noncustodial parent's gross
income is determined, the formula subtracts
certain deductions required by Mississippi law, such as
federal, state and local
taxes, Social Security contributions and support of other children.
Federal tax rules may limit who can take
certain deductions based on
income, or restrict
deductions based on mortgage loan limits.