Sentences with phrase «depend on tax plan»

Budget proposal calling for increase in education aid represents Governor's «investment budget,» which would depend on tax plan calling for a record $ 1.35 billion in new revenues; Governor has vetoed budget approved by legislature on the grounds that it did not provide enough for education.

Depending on your tax planning expertise, and, which real estate investment strategy you use, the higher premium shouldn't be a show stopper for you.

Not exact matches

«Which tax proposal is better for you depends on your income level,» said Tim Steffen, director of advanced planning at Robert W. Baird in Milwaukee.

Most households depend on a 401 (k) plan to save for retirement on the grounds that they receive a tax deduction today and pay ordinary income taxes when they take distributions later, presumably when they are in a lower tax bracket.

With traditional IRAs, contributions may be tax - deductible — depending on factors such as income levels and whether you have a work - related retirement plan.

Pre-tax contributions to a traditional IRA may be tax - deductible, depending on your income, filing status and whether you are covered by a retirement plan at work.

The Fed has raised rates twice this year and expects to hike again in December and three more times next year, depending on fiscal stimulus including tax cuts planned by Republicans in Congress and in the White House.

Schroeder says that using a 401 (k) Profit Sharing Plan, you can put away up to $ 52,000 tax - free for 2014 (or $ 57,500 if you are over 50) and $ 53,000 for 2015, depending on the earnings of your business for the year (which, Schroeder notes, are limited to 25 percent of compensation).

The country's tax agency gave no date for the 25 percent increase to take effect and said that will depend on what President Donald Trump does about U.S. plans to raise duties on a similar amount of Chinese goods.

Your eligibility to claim a deduction for your Traditional IRA contribution on your federal tax return depends on whether you are an active participant of an employer - sponsored plan in the year to which your deduction applies.

Brokerages offer accounts that have different tax rules depending on how you set them up and plan to use them.

For example, depending on the time horizon, retirement income needs, and tax bracket, an investment in the fund might not be appropriate for younger investors not currently in retirement, for investors under age 59 1/2 who may hold the fund in an IRA or other tax - advantaged account, or for participants in employer - sponsored plans.

A 401 (k) plan is a defined contribution plan where an employee can make contributions from his or her paycheck either before or after - tax, depending on the options offered in the plan.

For example, depending on the time horizon, retirement income needs, and tax bracket, an investment in the fund might not be appropriate for younger investors not currently in retirement, for investors under age 59 1/2 who may hold the fund in an IRA other tax - advantaged account, or for participants in employer - sponsored plans.

How the Trump tax plan affects you depends on your income, your current filing status and the deductions you take.

The final outcome will largely depend upon what impact this tax planning will have on the 2016 - 17 results.

Depending on the impact of the 2015 - 16 tax planning budgetary revenues could be slightly lower than forecast in the March 2017 Budget.

Depending on your expertise, you can offer accounting, project management and tax planning consultation services to individuals and small businesses.

Counting your IRA contributions as tax deductions depends on the type of IRA you invest in, the retirement plan your employer offers, and your income.

If you (or your spouse, if applicable) are covered by an employer retirement plan, you can still make contributions to a traditional IRA, but depending on your income, they may qualify as partially tax - deductible or totally non-tax-deductible IRA contributions.

Also known as an IRS Payment Plan, this arrangement allows you to pay your tax debt over a period of time (up to five years in some cases), depending on the type of tax debt and how much you owe.

A Traditional IRA allows investment earnings to accumulate tax deferred, and depending on your income level and your participation in an employer - sponsored retirement plan, contributions may also be tax deductible.

The amount you can write off depends on your marital status, how you file your taxes if you're married (jointly or separately), whether you participate in a retirement plan at work, and how much money you make.

That might be protection for the Dreamers, 5 shoring up the ACA, 6 preventing Republicans from going through with their planned tax cuts, 7 or ending the debt ceiling altogether.8 Or something else entirely, depending on events between now and then and what comes up.

In addition to federal funding being at risk, the tax reform plan proposed by Trump and the GOP, which will eliminate a popular state and local tax deduction on which high - tax states such as New York, New Jersey, California and Virginia depend.

In addition to adding a new payroll tax on every business, non-profit group, and municipality in Westchester County, the Oppenheimer plan raises fares for commuters by as much as 9.4 percent in January depending on their route.

The redistributive nature of raising the tax threshold partly depended on other plans to tax the wealthy more.

The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.

The total loss depends on the proportion of current private school families who use 529 plans for private school tuition, how many families switch from public to private schools, and on the generosity and stability of state tax incentives.

But Pennsylvania faces a $ 2 billion budget deficit even without that new spending on schools, and so Wolf's plan depends on changes in state taxes, including a new tax on gas production and increases in both personal income and sales taxes.

Depending on the type of retirement plan you have, contributions can be pretax or after tax.

Employees funding an IRA who do have access to an employer - sponsored retirement plan also may be able to deduct all or part of their contribution on their taxes, depending on how much they contributed to the employer plan.

Brokerages offer accounts that have different tax rules depending on how you set them up and plan to use them.

The tax treatment for contributions to the plan varies depending on which of the two basic types of 403 (b) plans you choose.

«It also depends on the holding period, because if we have a capital gain, but we still plan on holding that security for a long time, sometimes it's better to pay a little bit of tax early, so we never pay tax on it again.»

Depending on your student loan repayment plan (mostly income - driven repayment plans like IBR or PAYE), the amount of your student loan debt that was forgiven is considered ordinary income — and you're going to have to pay taxes on that amount.

Contributions to a Traditional IRA may be deductible depending on your income level, your filing status, and your participation in another tax - sheltered plan.

Your plan administrator will typically deduct 10 percent from any distribution amounts to cover taxes but, depending on your tax bracket, this may not be enough to cover your bill.

The tax - deductible amount varies depending on marital status, income, and whether you have a retirement plan at work.

I am not sure if linguee.com translated that correctly, I mean «Eigenkapital», i.e. the part of the money you do not need from the bank) is reasonable depends on what you want to do with the house - if you are planning to rent it out less equity might make sense, since you get a few tax breaks that are not available if you want to live there yourself.

If you (or your spouse, if applicable) are covered by an employer retirement plan, you can still make contributions to a traditional IRA, but depending on your income, they may qualify as partially tax - deductible or totally non-tax-deductible IRA contributions.

Counting your IRA contributions as tax deductions depends on the type of IRA you invest in, the retirement plan your employer offers, and your income.

The only limitation, depending on your income, is that having SEP plan could mean that your Traditional IRA contributions won't be tax deductible.

Depending on the type of account, your age and the plan's rules, you may have to pay taxes and penalties on any withdrawals, which will set you back considerably.

I should add that if your goal is growth stocks and capital gains (i.e. you plan on selling in the short term) than a TFSA may be the better choice as the withholding tax on dividends will still likely be less than the capital gains tax (depending on your tax bracket).

The combination of pretax contributions and tax - deferred accumulation creates the opportunity to build an impressive retirement fund with a 403 (b) plan, depending on investment performance.

Whether you owe taxes on your pension depends entirely on how it was taxed when it was first deposited into the plan.

Contributions to a traditional IRA may or may not be deductible in the tax year made, depending on the owner's income tax filing status, adjusted gross income (AGI), and eligibility to participate in a tax - qualified retirement plan through employment.

For example, depending on the time horizon, retirement income needs, and tax bracket, an investment in the Managed Payout Fund might not be appropriate for younger investors not currently in retirement, in IRAs or other tax - advantaged accounts for those investors under 59 1/2, or for participants in employer - sponsored plans.

Depending on your financial situation, you may be eligible for a tax repayment plan through the IRS.