Sentences with phrase «credits phase out»

Specific tax credits phase out across different income ranges, so that claiming each credit requires a separate worksheet and tax calculation.

The credits phase out over these AGI ranges:

If tax credits work as intended, the association between level of family income and college attendance should weaken where the tax credits phase out.

For businesses with between 10 and 25 employees, the tax credit phases out gradually based on employee counts, according to an analysis by USA Today.

In contrast, the adoption credit phases out over a $ 40,000 range, so its phaseout rate is one - fourth as fast — just 0.25 percent per $ 100.

For example, for single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional income.

For 2018, the adjusted gross income amount that results in the credit phasing out begins at $ 200,000 for single, head of household, or married filing separate filers and $ 400,000 for joint filers.

The education credit income limit for The American Opportunity Credit and the Lifetime Learning Credit phase out based on your modified adjusted gross income (AGI).

In 2017, the credit phases out at modified adjusted gross incomes between $ 112,000 and $ 132,000, assuming you're married filing jointly, and between $ 56,000 and $ 66,000 if you're single or head of household.

The credit phases out over the next $ 10,000 ($ 20,000 married filing jointly) of income.

The credit phases out by 2016.

The credit phases out for individuals who earn above $ 125,000, up from $ 75,000.

The credit phases out as income goes beyond these amounts.

GE Renewable Energy manufactured the five 6 - MW Haliade 150 turbines that power the Block Island wind farm offshore Rhode Island, and according to company officials, it is looking to invest in more offshore wind, despite the production tax credit phase out in 2020.

Not exact matches

Iowa senator Chuck Grassley has also spoken out against the bill's changes to the wind credit, as a 2015 compromise will already see the credit gradually phased out over the next few years.

(Individuals who make more than $ 75,000 or couples who make more than $ 150,000 would be phased out of receiving the credits.)

As of now, wind credits are set to begin phasing out in 2017 — similar credits for solar will do the same starting in 2019 — and President - elect Trump may announce plans to speed up the process.

The current federal tax credits for wind power will begin to phase out in 2017, and President - elect Donald Trump has said he doesn't want the government to continue subsidizing the industry.

According to the Tax Policy Center, in 2017 the credit starts phasing out for households earning $ 203,540 and cuts off completely for those with incomes of $ 243,540 and higher.

The child credit would be available for more wealthy households: It would start to phase out at $ 230,000 in earnings for married couples, as opposed to $ 110,000 under current law.

The child credit would be available for many more wealthy households: It would start to phase out at $ 400,000 in earnings for married couples, as opposed to $ 110,000 under current law.

[2] If she marries a man making $ 40,000 — whose 2016 income tax as a single person would be $ 3,984 — she would lose all of her EITC (the couple's income would cause the credit to phase out completely) but would retain her CTC.

The framework contemplates an enhanced child tax credit that will make things better, but there's no detail here at all, including on the income point at which the enhanced child credit will start to phase out.

The credit is a fixed percentage of earnings up to a base level, remains constant over a range above the base level (the «plateau»), and then phases out as income rises further.

I found when our income dropped in our lower paying academic jobs the foreign tax credit got phased out.

Technically, there's no income phase out if you're trying to claim the CDCTC, but the credit can only equal up to 35 % of your qualifying care expenses (depending on your AGI).

Well, if I told you there was a tax credit if you formed a C corp that lowered your rate from 28 % to 14 % but still had an AMT phase - out — I probably lost you at C Corp..

Meanwhile, personal and dependent exemptions are eliminated in favor of a larger standard deduction and child tax credit, both of which phase out for the highest earners.

There's such a thing as the child tax credit income phase - out.

As your modified adjusted gross income (MAGI) increases, the child tax credit begins to phase out.

The tax credit will be phased out over the next year since Tesla will have sold over 200,000 electric vehicles in the US triggering a sunset of the tax credit.

That said, higher earners — those who tend to have the highest effective tax rates — are often unable to capitalize on tax credits because most phase out at higher income levels.

However, the credit is nonrefundable and phases out quickly at higher levels of income, making few people eligible for the maximum amount.

J.W There are many deductions you can not take if you file married filling separate: Student loan interest deduction,Tax - free exclusion of US bond interest, Tax - free exclusion of Social Security Benefits, Credit for the Elderly and Disabled, Child and Dependent Care Credit, Earned Income Credit, Hope or Lifetime Learning Educational Credits, MFS taxpayers also have lower income phase - out ranges for the IRA deduction Also both claim the standard deduction or both itemize their deductions Big problem is tax liability goes to both husband and wife

The credit begins to phase out at $ 150,000 of modified adjusted gross income.

The new federal tax law will double the credit to $ 2,000 per child and raise the income phase - out range to a starting point of $ 200,000 for single filers and $ 400,000 for married couples.

And if finances are shaky now, what happens when the company is entirely on its own, the federal tax credit for solar phases out and demand for panels — with oil cheap — remains weak?

To prevent that tax cut from happening, Cuomo's budget legislation decouples from the federal law by pegging the credit and the income phase - outs to the levels in the old tax law.

«Phasing out the unfair tip credit would improve the lives of hundreds of thousands of struggling New Yorkers, many of them women, workers of color and immigrants.

«Although the tax credits system is being phased out and gradually being replaced by Universal Credit, HMRC still has time to reduce the levels of error in the system.

In addition to recommending the so - called circuit - breaker approach for property taxes and cuts to business taxes such as a complete phase out of the 18a assessment surchage for utilities, the commission called for linking the tax cap, consolidating services and individual tax credits for homeowners.

The credits would begin phasing out for people who make more than $ 75,000 for individuals and $ 150,000 for households.

The «healing» is credited to the long term phasing out of ozone - destroying chemicals.

That legislation would phase - out a state's Renewable Portfolio Standards and instead create a renewable «market» where consumers can choose to pay for renewable energy, and allow utilities to purchase energy credits from outside the state.

After nearly 11 years of studio hesitation and apparently enough sexual favors for Wolverine, Deadpool finally has his own superhero movie (something that star Ryan Reynolds has fought long and hard (see, I can make sexual innuendos too and use parentheses inside of parentheses) for to see come to fruition), and with opening credits featuring billings such as «some really hot guy» and «an overpaid tool» the tone is set for an irreverent and refreshing outing from a genre slowly entering a phase of stagnation and repetitiveness.

Major credit card companies say they are phasing out signature requirements starting in April.

Looking beyond graduation rates, we also found that the phase - out process did not have a clear impact — positive or negative — on other academic outcomes for the phase - out cohort, such as credits earned or Regents exams passed, or on attendance.

In the phase - out region, rising income is offset by the decreasing credit, so college attendance should be negatively affected to the extent that it is positively affected by the tax credit in the first place.

The tax credits «phase - out» within certain income ranges, with their value dropping with each additional dollar of income.

«Kink» refers to the change in the slope of the curve representing the correlation between two variables (in this case, family income and college attendance) that one should see in the portion of curve where the hypothesized causal intervention (in this case, the phase out of the tax credit) is operative.