Sentences with phrase «exclusion for income tax purposes»

Not exact matches

Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.

Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.

If you buy an annuity with non-qualified after - tax dollars, the Exclusion Ratio is the percentage of your lifetime income payments that you will not have to treat as income (for federal income tax purposes).

«Income» for the purposes of the premium assistance tax credit and the FPL is based on modified Adjusted Gross Income (AGI), which means AGI increased by any income not reported due to the foreign earned income or housing cost assistance exclusions, any tax - exempt interest (i.e., municipal bond income), and any Social Security benefits that were otherwise excluded from iIncome» for the purposes of the premium assistance tax credit and the FPL is based on modified Adjusted Gross Income (AGI), which means AGI increased by any income not reported due to the foreign earned income or housing cost assistance exclusions, any tax - exempt interest (i.e., municipal bond income), and any Social Security benefits that were otherwise excluded from iIncome (AGI), which means AGI increased by any income not reported due to the foreign earned income or housing cost assistance exclusions, any tax - exempt interest (i.e., municipal bond income), and any Social Security benefits that were otherwise excluded from iincome not reported due to the foreign earned income or housing cost assistance exclusions, any tax - exempt interest (i.e., municipal bond income), and any Social Security benefits that were otherwise excluded from iincome or housing cost assistance exclusions, any tax - exempt interest (i.e., municipal bond income), and any Social Security benefits that were otherwise excluded from iincome), and any Social Security benefits that were otherwise excluded from incomeincome.

Interest earned on EE bonds with January 1, 1990, and later issue dates may qualify for exclusion from income for Federal income tax purposes if the owner pays his or her tuition and required fees or those of his or her spouse or legally dependent children at colleges, universities, and qualified technical schools during the year eligible bonds are redeemed.

adoption tax exclusion IRS policy that allows adoptive parents to exclude employer - provided adoption benefits from their net income for tax purposes.