Holding on to your cryptocurrency assets for another few months may save you — or cost you — thousands of
dollars on your federal income tax returns.
Not exact matches
U.S. Sens. Charles Schumer and Kirsten Gillibrand should expect to get a
federal income tax cut worth thousands of
dollars next year under the new Republican
tax law, which they both fought and voted against, based
on their 2017
tax returns.
WASHINGTON — New York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a
federal income tax cut worth thousands of
dollars next year under the new Republican
tax law, which they both fought and voted against, according to projections based
on their 2017
tax returns.
Leibell, R - Carmel — who pleaded guilty in December to obstructing a
federal grand jury that was investigating whether he extorted cash payments from lawyers working in Putnam County and failed to report
on his
income tax returns tens of thousands of
dollars in cash payments he received from those lawyers — was to be sentenced in
federal court in White Plains this coming Monday.
Go and look at your
tax return, look at the total
income line and look at the total you had to pay both in
federal and provincial
tax, that's your total
tax rate, that's not your marginal
tax rate, which is the
tax on the last
dollar you owe, or sorry, earn.
My scenario isn't particularly «generous» — only a high wage earner would qualify for an $ 800,000 mortgage, and the interest paid
on that mortgage, as well as the property
tax, significantly exceeds the standard deduction, as does the state
income tax likely paid by that wage earner (as an example, I pay tens of thousands of
dollars in state
income tax in California — all deductible from my
federal tax return).
CalHFA also partners with local counties to provide access to Mortgage Credit Certificates that may enable first - time homebuyers to convert a portion of their annual mortgage interest into a
dollar - for -
dollar tax credit
on their
federal income tax returns.