Sentences with phrase «current federal tax laws»

And the best news of all, it's tax free (based on current federal tax laws).

Part of each premium payment is applied to the policy's cash value account, which grows on a tax - deferred basis (based on current federal tax laws).

And, because most personal interest deductions have been eliminated under current federal tax laws, you may now be able to deduct the interest from your taxes.

And, because most personal interest deductions have been eliminated under current federal tax laws, you can now deduct the interest from your taxes.

Any tax - related statements made in this material are based upon general information and represent only one interpretation of current federal tax law as it relates to annuities.

Current federal tax law requires the holder of a U.S. Treasury or other fixed income zero coupon security to accrue as income each year a portion of the discount at which the security was purchased, even though the holder receives no interest payment in cash on the security during the year.

Any tax - related statements made in this material are based upon general information and represent only one interpretation of current federal tax law as it relates to annuities.

The Current Law The current federal tax law lets homeowners deduct taxes th... Continued

Not exact matches

Keeping benefits at their current levels required under law will mean less federal spending on education, infrastructure and defense unless Congress cuts benefits, raises taxes or both.

Under current federal law, long - term capital gains for individual investors in the fund are taxed at a maximum rate of 15 %.

This ability to «double - dip» and obtain both state / local and federal tax benefits from a single charitable contribution is, under current (i.e., pre-GOP tax bill) law, undercut by the deductibility of state and local taxes.

The change in the current tax law regarding MLPs could result in the MLP being treated as a corporation for federal income tax purposes which would reduce the amount of cash flows distributed by the MLP.

New Yorkers will make up 6.3 percent of U.S. taxpayers in 2019 but would pay 9 percent of the federal personal income taxes that year under current law.

If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $ 642 billion

Current state law doesn't sync deductions for mortgage interest, property taxes and medical expenses with federal limits until 2020.

Current federal law allows each citizen to transfer a certain amount of assets free of federal estate and gift taxes, named the «applicable exclusion amount.»

The tax effects suggested reflect our current understanding of federal tax laws and relate to tax information of a generalized nature.

Issuing Company: ETF Securities Ltd Ticker: PPLT Expense Ratio: 0.60 % Tax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqTax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqtax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.»

Under current and future laws, Social Security benefits are subject to federal income taxes above certain levels of combined income (see table below).

In this example, tax figures were calculated using current 2017 federal tax law and an estimated state tax of 5 percent.

Staying aware of tax laws, such as the current federal estate tax exemption limit, are vital to any proper estate and asset protection plan.

You'll see this or similar language in the prospectus of many metals ETFs: Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.

Qualified distributions from a Roth IRA are free of federal income tax (under current tax laws) but may be subject to state, local, and alternative minimum taxes.

While these securities do not pay current cash income, federal income tax law requires the holders of zero - coupon, step - coupon, and pay - in - kind securities to include in income each year the portion of the original issue discount (or deemed discount) and other non-cash income on such securities accruing that year.

Under current law, the federal tax credit now valued at 30 percent of a project's cost falls to 10 percent for projects put in service after 2016.

Attractive to anyone frustrated by the current political gridlock, Lovins argues that the «twin transition to efficiency and renewables» «requires no new federal taxes, subsidies, mandates, or laws.

Frequent changes in federal tax and state probate and trust laws challenge lawyers to maintain skills that are current and forward - looking and require a depth and breadth of legal knowledge that a large practice group offers in the servicing of client needs.

Like many states, Rhode Island uses federal taxable income, as determined under the current IRC (but without special deductions allowed under federal law), as the starting point for determining taxable income for purposes of the business corporation tax.

We don't typically deal with this level of planning for individuals who are in their 30 ′ s or 40 ′ s, as under current estate tax law, and estate is not taxable at the federal level until it is valued at over $ 5 million dollars, and you can imagine that very few individuals in their 30 ′ s and 40 ′ s have accumulated that sort of money.

If you die in a covered event, the financial proceeds from your Term Life Insurance or Accidental Death Insurance would be paid out to you or your beneficiaries federal income tax free, according to current tax laws.

Based on current federal income tax laws.

And beneficiaries pay no federal income taxes on the proceeds, based on current tax laws.

Under current Federal law, the benefits are not subject to Federal tax if paid to a named beneficiary.

Under current tax laws, your loved ones will not pay federal income taxes on any death benefits.

It examines the consequences of current (2003) federal tax laws, and the incentives that will be in place in 2008 as the final marriage - related provisions of 2001's tax reform are phased in.