Sentences with phrase «federal income tax return as»

It's easier to visualize how the law affects you by using your 2016 federal income tax return as a scratch pad.

Please note: The HGSE Financial Aid Office may request copies or transcripts of your Federal Income Tax Return as necessary.

Borrowers of qualified education loans may deduct up to $ 2,500 in interest on their federal income tax returns as an above - the - line exclusion from income.

Borrowers of qualified education loans may deduct up to $ 2,500 in interest on their federal income tax returns as an above - the - line exclusion from income.

They must file separate federal income tax returns as «head of household» or «single» and include their separate and community income.

Not exact matches

Once you take a pretax retirement account, such as a traditional IRA, and convert that account to a Roth IRA, you are subjecting your retirement dollars to both federal and state income taxes today in return for the promise of tax - free income during retirement.

Taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes as well as either income taxes or general sales taxes.

interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this income is generally not subject to regular federal income taxes; note that Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wTax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax return as well

Your or your family's wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return.

To calculate income for a self - employed borrower, mortgage lenders will typically add the adjusted gross income as shown on the two most recent years» federal tax returns, then add certain claimed depreciation to that bottom - line figure.

Generally, these deferred wages (elective deferrals) are not subject to federal income tax withholding at the time of deferral and they are not reflected as taxable income on your Form 1040, U.S. Individual Income Tax Rincome tax withholding at the time of deferral and they are not reflected as taxable income on your Form 1040, U.S. Individual Income Tax Retutax withholding at the time of deferral and they are not reflected as taxable income on your Form 1040, U.S. Individual Income Tax Rincome on your Form 1040, U.S. Individual Income Tax RIncome Tax RetuTax Return.

Copies of your last two federal income tax returns, as well as profit - and - loss statements may be requested for review.

CapTon's Kaitlyn Ross confirms the Bronx Democrat was asked — and confirmed — that his issue is indeed the provision that would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manner.

In short, the provision would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manner.

«It may still be a reduction in taxes, but the remedy not being able to deduct their property taxes as a deduction on their federal income tax returns is for New York state not to tax so much.

Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income tax in order to help residents hurt by new limits on deductions of state taxes from federal returns, under a sweeping overhaul of the U.S. tax code passed in late December.

... The tax allegation involved claims that he failed to report as income on his federal tax return the rental income from a time - share unit (not a «posh» villa as often depicted) he owned in the Dominican Republican which was used to offset his mortgage payments.

Taxpayers will be able to deduct a limited amount of state and local income or sales taxes on their federal returns as part of the deal between Senate and House Republicans to finalize a major tax overhaul, Rep. Kevin Brady, R - Texas, said Thursday.

Governor Cuomo's book deal for a memoir set for publication this September netted him a $ 188,000 advance, on top of his salary as governor, which helped bring his total income to $ 358,448, according to his federal tax return.

Ippolito, who served as the town's planning and development commissioner since 2009, pleaded guilty to one felony count of income tax evasion, admitting in federal court Tuesday that he knowingly submitted a false tax return.

«The remedy for New York not being able to deduct their property taxes as a deduction on their federal income tax returns and whatever deductions are available is for New York state not to tax so much,» DeFrancisco said.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

Adjusted Gross Family Income: The sum of your family's wages, salary, interest, dividends, etc., minus certain deductions from income as reported on federal income tax rIncome: The sum of your family's wages, salary, interest, dividends, etc., minus certain deductions from income as reported on federal income tax rincome as reported on federal income tax rincome tax return.

That means the beneficiary of a forgiven debt must consider the amount forgiven as income when preparing the year's federal income tax return.

Even though a seller will not receive any money from a short - sale transaction, he or she may have to declare the discounted amount of the sale — the difference between the mortgage balance and the short sale — as income on federal tax returns.

However, the student may claim the deduction based on payments made by the parent (assuming that the student is not claimable as a dependent on someone else's federal income tax return).

Although you'll still file as a single individual, you and your partner or spouse will each report half the community income on each of your federal income tax returns.

For the sake of argument, let's say that I make $ 100,000 before taxes each year in my current Washington job and file as single for my federal income tax return.

You can claim the excess withholding as a credit on your federal income tax return.

In a nutshell, it's your adjusted gross income (AGI,) as reported on your most recent tax return, minus 150 % of the U.S. Federal Poverty Guidelines.

You report your earnings over $ 100 from the religious organization as part of your federal income tax return.

With a Mortgage Credit Certificate tax credit program in Minnesota, you can get up to 25 % of the mortgage interest you pay on your mortgage loan back every year as a Federal Income Tax Credit on your tax retutax credit program in Minnesota, you can get up to 25 % of the mortgage interest you pay on your mortgage loan back every year as a Federal Income Tax Credit on your tax retuTax Credit on your tax retutax return.

You or your family's wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return.

interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this income is generally not subject to regular federal income taxes; note that Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wTax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax - exempt income on Form 1040, and may be required to report it on your state tax return as wtax return as well

Oklahoma Tax Commission Form 40 - EXT Application for Extension of Time to File an Oklahoma Income Tax Return Since the Oklahoma return can not be completed until the Federal return is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma retuTax Commission Form 40 - EXT Application for Extension of Time to File an Oklahoma Income Tax Return Since the Oklahoma return can not be completed until the Federal return is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma retuTax Return Since the Oklahoma return can not be completed until the Federal return is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma rReturn Since the Oklahoma return can not be completed until the Federal return is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma rreturn can not be completed until the Federal return is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma rreturn is completed, the Oklahoma Tax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma retuTax Commission has administratively adopted the policy of honoring the automatic Federal extension, when no additional state tax is due, as an extension of time to file the Oklahoma retutax is due, as an extension of time to file the Oklahoma returnreturn.

Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax.

Please note: the taxpayer can not take the contribution as a charitable deduction on their Federal Income Tax return — the amount is not included in the donor's gross iIncome Tax return — the amount is not included in the donor's gross incomeincome.

Please note — the taxpayer can not take the contribution as a charitable deduction on their Federal Income Tax return.

To calculate income for a self - employed borrower, mortgage lenders will typically add the adjusted gross income as shown on the two most recent years» federal tax returns, then add certain claimed depreciation to that bottom - line figure.

If you file a federal tax return as an individual and your «combined income» — calculated by adding one - half of your Social Security benefit to other income, including nontaxable interest income — is between $ 25,000 and $ 34,000, up to 50 percent of your benefits may be considered taxable.

A sale or exchange of Fund shares is a taxable event, which means that you may have a capital gain to report as income, or a capital loss to report as a deduction, when you complete your federal income tax return.

Your or your family's wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return.

For example: A taxpayer claimed both state income tax ($ 2,000) and property taxes ($ 1,000) as itemized deductions on their 2011 federal return.

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).

Notably, the White House administration has delayed implementation of the income verification rules, leaving income verification for now on the «honor system» (with random checks of a statistically significant sample to verify compliance), but raising concern from many that there may be a higher incidence of fraudulent income reporting to qualify for the subsidy in the coming year (though ultimately, inappropriately reported amounts could still be recaptured by the Federal government when the subsequent tax return is filed later, as discussed below, limiting the potential scope of any fraud).

Therefore, you may be required to report the refund or credit as income on your federal income tax return for the current tax year.

It is taxable income on the Federal tax return for 2016 only to the extent that you received a tax benefit (reduction in Federal income tax due) from deducting State income tax as an Itemized Deduction on your 2015 Federal return.

Any refund of State income tax received as a result of your 2013 State income tax return (which perhaps you also submitted in 2015 at the same time as the 2013 Federal income tax return) will be taxable income to you in the year in which you receive the refund (2015 or later), not 2013 or 2014.

Mortgage applicants should expect to provide recent paystubs, W - 2s and federal income tax returns; as well as bank statements and other relevant paperwork.

However, a person who has a shorter history of self - employment — 12 to 24 months — may be considered, as long as the borrower's most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.