Sentences with phrase «depends on the taxpayer»

or loss on the sale or exchange of a virtual currency, depending on the taxpayer's cost to purchase the

Others reduce deductions, in which case their quantitative impact depends on the taxpayer's marginal tax rate: the higher the tax rate, the greater the value of the lost deduction.

However, the value of credits may depend on the taxpayer's basic tax liability.

The value of all of these deductions depends on the taxpayer's marginal tax rate and tax liability.

Dividends that are distributed receive preferential tax treatment and are taxed at 0 percent, 15 percent or 20 percent, depending on the taxpayer's tax bracket.

However, the impact of those rates will vary greatly depending on a taxpayer's income level, home value and spending habits.

For example, the dependent exemption is regressive benefit because the dollar value depends on the taxpayer's tax bracket — a family in the 35 percent bracket avoids about $ 1,400 of tax for each dependent whereas a family in the 15 percent bracket avoids only about $ 600.

The actual savings realized will depend on the taxpayer's tax bracket.

Tax deductions depend on a taxpayer's tax bracket.

The credit, which varies depending on the taxpayer's earned income, is based on the expenses paid to provide child or dependent care services so that parents can work.

In addition, the tax rate varies depending on a taxpayer's filing status.

There are many other adjustments that may need made, depending on the taxpayer's situation.

Contributions to the Traditional IRA may be tax - deductible depending on the taxpayer's income, tax - filing status, and other factors.

Deductions reduce taxable income and their value thus depends on the taxpayer's marginal tax rate, which rises with income.

The value of all of these deductions depends on the taxpayer's marginal tax rate and tax liability.

This further depends on the taxpayer's residential status.

Not exact matches

Exactly how much taxpayers would save — or how much more they would pay — depends on many factors, and as Business Insider's Josh Barro pointed out, tax cuts for middle - class Americans aren't likely to be as sweeping as Republicans make it sound.

The camp dwellers sometimes depended on amenities in the town — police, medical services, recreational facilities — without being home - owning taxpayers.

Exactly how much taxpayers will save if Republicans succeed in overhauling the US tax code will depend on many factors, but tax cuts for average Americans aren't likely to be as sweeping as Republicans make it sound.

According to the IRS, whether or not a deduction is allowed for a prepayment depends on whether the taxpayer makes the payment in 2017 and the property taxes are assessed prior to 2018.

Many taxpayers claim the standard deduction, which varies depending on filing status, as shown in the table below.

At the same time, California munis can be volatile because state revenue depends on wealthy taxpayers whose incomes are tied closely to the stock market.

«As many taxpayers know, capital gains and qualified dividends in a taxable investment account are taxed at 15 percent or 20 percent, depending on adjusted gross income,» he said.

Those income ranges depend on both the taxpayer's filing status and number of children in the taxpayer's family.

The RTWC also would differ from the EITC in that the amount of the RTWC would not depend on the number of children the taxpayer has.

Taxpayers may be aware of numerous tax breaks, but depending on your income, many deductions may no longer be as valuable — or you may be ineligible entirely.

Taxpayers who are uncertain about specific transactions involving cryptocurrencies may seek guidance from SARS through channels such as Binding Private Rulings (depending on the nature of the transaction).

While full reimbursement is clearly preferable, tax relief on employment expenses at least returns a fraction (20 per cent, 40 per cent or 45 per cent, depending on whether the employee is a basic, higher or additional rate taxpayer) of the cost of the expense to the employee.

In Germany and Switzerland, council budgets largely depend on their ability to attract new residents and taxpayers.

Senate Democrats are proud to continue that tradition in a way that benefits taxpayers, tourists, and the local communities that depend on our parks for economic growth and stability.»

It is important to note that under Speaker Sheldon Silver's bill, (1) receiving public funds depends on the candidate's ability to raise money from numerous small donors, so only donations up to $ 250 are matched with taxpayer dollars and that (2) candidates are limited to a maximum amount of public funds ($ 400,000 for Senate candidates and $ 200,000 for Assembly candidates in the general election race).

«It looks like the Thruway Grinch is once again scheming to steal Christmas from New York taxpayers by secretly eyeing a hefty 49 percent toll hike that will cause economic pain for the families and small businesses that depend on the Thruway for travel and commerce,» said Tedisco.

The full impact on taxpayers would depend on how Albany finances the takeover.

Federal taxpayers in those states depend on the deductions to ease the burden of high state taxes.

This decision will allow state services to continue uninterrupted and prevent hardships to the taxpayers who depend on them.

Each taxpayer's portion pays for services, such as roads, police, fire protection, refuse, etc., depending on the town.

State services must continue uninterrupted in order to prevent hardships to the taxpayers who depend on them.

The fact is, the quality services on which taxpayers depend have never been more at risk than they are today.

Our members, local officials, are depending on it, so are property taxpayers.»

On the eve of the House vote to approve the final draft of the GOP tax bill, Rep. Elise Stefanik said she would vote «no» because of limits placed on the state - and - local tax deductions upon which many New York taxpayers depenOn the eve of the House vote to approve the final draft of the GOP tax bill, Rep. Elise Stefanik said she would vote «no» because of limits placed on the state - and - local tax deductions upon which many New York taxpayers depenon the state - and - local tax deductions upon which many New York taxpayers depend.

CBRE receives a larger fee paid by taxpayers depending on the cost of the lease signed by the County.

Taxpayers there depend on the SALT deductions in communities where salaries are generally high, homes are expensive and local property taxes alone can easily exceed $ 10,000.

A million current and future retirees depend on the office's financial integrity, and taxpayers must be able to trust their supposed «fiscal watchdog.»»

«Taxpayers throughout New York are depending on you to ensure they don't see a tax hike.

Depending on whom you ask, HS2 is a colossal waste of taxpayers» cash, or a brilliant way to kick - start economic growth; an unnecessary half - measure to cut emissions or our best hope of the UK meeting our climate change targets.

Districts, of course, can also seek operating levies from local taxpayers to boost revenues beyond what the state affords them, while charters depend entirely on state and federal per - pupil allocations and whatever they can raise from philanthropy (see Figure 1 for current spending estimates).

And because education is not just a «private good» — all of our welfare depends on an educated populace — isn't it appropriate for the public to demand that schools meet certain standards, especially when taxpayer dollars are involved?

It all depends on how much members of the public know and whether they are keeping in mind that the increment has to be covered by themselves as taxpayers.

It matters to taxpayers and families who depend on the district's 19,000 - plus workers.

So what exactly are they getting in exchange for their cold, hard cash (and some taxpayer funds in the form of incentives that drop the net price into the mid-high-20s, depending on state)?