Sentences with phrase «filers claim»

It might change — increase — how many filers claim the standard deduction, rather than itemize.

In Georgia, for example, 33 percent of tax filers claim an average deduction of $ 9,158, the GFOA report said.

A total of 72,323 filers claimed casualty and theft loss deductions on their 2015 tax returns, the most recent data available, according to the IRS.

For filers claiming the standard deduction, additional deductions of $ 2,500 may be claimed if either they or their spouse is 65 or older or blind.

About 4 million tax filers claimed this deduction on Schedule A of their 2015 returns, the last data available, according to the Internal Revenue Service.

Pursuant to the OTR Tax Notice 2014 - 05 «Notice Regarding the Taxation of Instruments Relating to Refinances and Modifications», filers claiming full or partial exemption from recordation tax in case of commercial refinance and / or modification must supply to the Office of the Recorder of Deeds the following documentation:

Not exact matches

By far, the oddest thing about Donald Trump's 1995 tax returns, a portion of which was published by The New York Times on Saturday, is not the massive $ 916 million loss — some 9,385 times as large as what was taken by the average filer who claimed a similar loss — but this: 1995 was actually a very good year for Trump, perhaps one of the best of his career.

Ultimately, however, the company's success is built on Cathy's decades of work: Chick - fil - A claims that the founder led the chain through 47 consecutive years of annual sales increases in his lifetime.

For 2014, single filers who earn less than $ 14,590 after subtracting their deductions and exemptions can claim the credit, even if they don't have kids.

The legislation also leaves intact the additional standard deduction for filers who are 65 and over or blind, allowing them to claim an additional $ 1,300 when they file their 2018 taxes.

The simplest way to go is to claim the standard deduction, which is $ 6,300 for a single filer and $ 12,600 for a married couple filing jointly.

About one - third of tax filers opt to itemize deductions on their federal income tax returns (figure 1), and virtually all who do itemize claim a deduction for state and local taxes paid.

But homeowners may exclude from taxable income up to $ 250,000 ($ 500,000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as their principal residence in two out of the preceding five years, and they generally may not have claimed the capital gains exclusion for the sale of another home during the previous two years.

At the same time, it calls for a doubling of the standard deduction a filer could take ($ 30,000 for married couples filing jointly and $ 15,000 for single filers) instead of claiming itemized deductions.

Tax calculations assumed a single filer was claiming one exemption and a standard deduction, according to the state's tax laws.

Notably, the deduction only applies to «qualified business income» and can't be claimed by taxpayers in service businesses (excluding architecture and engineering) for single filers with taxable income above $ 157,500, and $ 315,000 for joint filers.

Furthermore, filers can also claim a personal exemption of $ 2,700 ($ 3,700 each for joint filers) and exemptions of $ 3,000 for dependents.

In Georgia, taxpayers can claim a standard deduction of $ 2,300 for single filers and $ 3,000 for joint filers.

Otherwise, taxpayers can claim the Kansas standard deduction, which is $ 3,000 for single filers, $ 7,500 for joint filers, $ 3,750 for married persons filing separately and $ 5,500 for heads of household.

Tax filers may claim some deductions in addition to the standard deduction or itemized deductions.

An individual tax filer has the choice of claiming the standard deduction or itemizing deductible expenses from a list that includes state and local taxes paid, mortgage interest, and charitable contributions.

Joint filers enjoy claiming benefits such as the earned income tax credit, education expenses, adoption costs, or itemizing some deductions.

About $ 1.1 billion in tax refunds for 2014 must be claimed by April 17 — or that money can no longer be claimed by tax filers.

The tax break relating to premiums paid for mortgage insurance is generally claimed by low - and middle - income filers, according to the IRS.

1040A filers may also claim the Earned Income Credit, the Additional Child Tax Credit, and the American Opportunity Tax Credit.

Beginning this week, the IRS expects to make refunds available in bank accounts or on debit cards for early filers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit.

Depending on your adjusted gross income (AGI), you can claim 50, 20, or 10 percent of your retirement plan contributions, up to $ 2,000 for single filers and $ 4,000 for married filing jointly.

Filers may claim the full credit if they have income up to $ 200,000 for single filers (up from $ 75,000 currently) and up to $ 400,000 for married couples (up from $ 110,000 curreFilers may claim the full credit if they have income up to $ 200,000 for single filers (up from $ 75,000 currently) and up to $ 400,000 for married couples (up from $ 110,000 currefilers (up from $ 75,000 currently) and up to $ 400,000 for married couples (up from $ 110,000 currently).

It also allows filers to claim deductions for education expenses, eligible moving expenses (this deduction ends in 2018, under the new tax bill), retirement account contributions and several other categories.

In a 2002 study, the Congressional Research Service (CRS) estimated that roughly 950,000 tax filers would have saved more than $ 470 million on their 1998 tax returns if they had itemized mortgage interest and state and local income taxes instead of claiming the standard deduction.

When you say Chick - fil - a denies people the rights they claim for themselves though, I take a little exception to that... after all, what group doesn't do that?

This week, The New Yorker claimed that people in the Big Apple are creeped out by Chick - fil - A's Christian values.

Chik - Fil - A claims it's too close to their «Eat Mor Chikin» campaign.

Thus, under current New York law, the state credit would also double, to a maximum of $ 666 per child, and the numbers of filers able to claim it would significantly expand.

The average amount of real estate taxes claimed by Long Island filers with adjusted gross incomes under $ 200,000 was nearly $ 10,000 in 2015, an analysis of IRS tax data shows.

Syracuse Mayor Stephanie Miner sent Katko a letter on Friday asking him to fight for the 60,000 tax filers in Onondaga County who claimed the deduction, according to the IRS.

Comptroller Tom DiNapoli's office has stopped payment on $ 13.3 million in state tax refunds after finding some filers falsely claimed child tax credits or filed by dishonest preparers.

That's right, Chick - fil - A issued a cease - and - desist order against Bo in 2006, claiming that «Eat More Kale» was in conflict with their slogan, «Eat More Chikin» — and then blocked his effort to trademark «Eat More Kale» this summer.

While advocates claim OCR needs more money due to an increased caseload, Melnick says the rising caseload is partly attributable to three filers who together filed more than 7,000 largely duplicative complaints.

For 2017, single filers with an AGI of $ 31,000 or more, head of household filers with AGI of $ 46,500 or more and joint filers with an AGI of $ 62,000 or more are ineligible to claim the credit.

For instance, married filing separate filers are ineligible to claim the Earned Income Credit or the Child and Dependent Care Credit, just to name a few.

U.S. tax filers are allowed to claim personal exemptions on their taxes.

Previously, filers could claim the fees for fitness and arts programs — up to $ 500 and $ 250, respectively, in 2016 — for a child of the taxpayer, spouse or common law partner.

Last - minute filers often forget to claim some type of income, and the IRS can catch it pretty easily.

Special Note for Single Workers with No Children: Single filers with no dependents are believed by the IRS to be the largest group of Qualifying taxpayers who do not claim the EITC on their tax returns.

And the phase out of the credit for joint filers starts at higher income levels in 2010, allowing more of them to claim the credit.

Miscellaneous and personal business deductions can only be claimed if they exceed 2 percent of the filer's income.

Montana: The amount of the deduction is limited to $ 5,000 for single filers and $ 10,000 for married taxpayers who file jointly, and you must itemize on your state return to claim it.

If you earn too much money to qualify for either of these credits, single filers can also claim a tuition and fees deduction of up to $ 2,000.

However, if you are a single filer who makes over $ 60,000 a year (or a married filer who makes over $ 120,000 a year) you can not claim the tax credit.