Sentences with phrase «for bigger tax bills»

Be prepared for bigger tax bills in favorable real estate markets.

FAIR LAWN, N.J. — As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

In situations where those older shares had a much lower cost basis, you would've been on the hook for a bigger tax bill.

Not exact matches

«We've said all along that our tax reform bill would create more jobs, fairer taxes, and bigger paychecks for the American people,» said Doug Andres, a spokesman for Ryan, said this week.

Even if investors trade frequently, they aren't as likely to get hit with a big tax bill as they would for actively managed offerings.

Unless the bill is revised, it would also nix a 10 % tax credit for big solar and geothermal projects after 2027.

The big benefit from planning for taxes is twofold: You're less likely to be surprised by a tax bill and also will know how much of your earnings actually are available to you.

The tax bill lowers the corporate tax rate from 35 % to 21 %, eliminates the penalty under the Affordable Care Act for failing to have health insurance, a narrower estate tax, and cuts the top effective marginal tax rate for S corporations to a top rate of 29.6 percent, among other measures that gives the biggest breaks to the wealthiest individuals and companies.

«If it becomes important that either low - or middle - income families benefit significantly and directly from the tax bill in order for it to move forward then I think the child tax credit is going to be a big player in seeing that that happens,» Maag said.

U.S. President Donald Trump in December signed into a law a sweeping tax bill, the biggest overhaul of the U.S. tax code for more than 30 years.

The timeline for any kind of very big tax bill looks incredibly ambitious and difficult to navigate, Politico's Ben White says.

As the House of Representatives» tax committee put the finishing touches on its bill, momentum behind a Republican push for the biggest tax - code overhaul in decades was shifting to the Senate, where a separate proposal was set to be unveiled.

Fed officials agreed that the tax cuts and spending bill are likely to boost economic growth but it «s unusual for the economy to receive such a big fiscal stimulus at a time when it «s already operating either at or near its potential.

Trump's tax bill isn't the biggest tax restructuring in decades, and it certainly doesn't offer the biggest cuts for individuals and businesses the country has seen, but the changes are great enough that they will seriously impact business operations and processes going forward.

It can be argued that this bill helps big business more than small — by slashing the corporate tax rate and allowing big corporations the ability to claim major deductions and pay fewer taxes, but there are some benefits for small business as well.

So be prepared to get hit with a big tax bill if you qualify for forgiveness (student loan debt forgiven after 10 years under the Public Service Loan Forgiveness program is not taxable).

Not only could you end up paying far more for your loans in interest, there's also the possibility that you'll get hit with a big tax bill once your repayment period ends.

For one, investors often face a big upfront tax bill in order to achieve even bigger benefits down the road.

The biggest long - term change for taxpayers in the bill, it would result in a tax increase over the long run, long after the tax cuts expire.

The biggest surprise for a first - time home buyer may be a tax bill if you live in a state that re-assesses the property when it's sold.

Ryan really is a DEFINED BENEFITS guy and a big - time welfare - state truncator, and he's been for a tax scheme that would reduce Romney's tax bill to virtually nothing.

«From taxing the wealthy to fund universal pre-K and after - school programs to ending unnecessary subsidies to big corporations and investing in our CUNY system, Bill will be an ally for working families in City Hall.

«The loss of significant offshore oil and gas tax revenues as the North Sea runs down will have a big impact on our economy, jobs and balance of payments, with significant increases in household energy bills — and a very adverse impact on the legacy for future generations in an independent Scotland,» he told EnergyVoice.com.

And while doing these big, country - changing things, we are doing everything possible to help people who are struggling with the cost of living: helping to freeze council tax for three years in a row; freezing fuel duty; cutting the income tax bills of 24 million taxpayers; taking two million of the lowest paid out of tax altogether.

The squeezed middle, the working poor (6.5 million in their households today) and the jobless are afflicted by pay freezes and pay cuts, energy bill hikes, accelerated private rent increases, a swelling housing benefit budget that subsidises rich landlords but not the tenants, waiting lists for a home swollen by the bedroom tax and only half the houses needed being built, nearly a million of the jobless sanctioned last year and deprived of all their unemployment benefit for 4 or 13 weeks for trivial infringements, the seriously disabled suffering big benefit cuts for not getting jobs they manifestly can't do, to name but some.

Top billing for Europe and tax plans pitched beyond the UKIP party faithful as party aims for the big time.

The plans for city regions to regulate bus services on the model of Transport for London were attacked by Martin Griffiths, the chief executive of Stagecoach, as an «uncosted and unnecessary plan [that] would land people in England's biggest city regions overnight with a tax bill running to hundreds of millions of pounds, as well as leading to higher bus fares.»

«Schools account for the biggest share of local property tax bills across New York,» Tim Hoefer, executive director of the Empire Center, said in a prepared statement.

It renewed rent regulations for over a million apartments in New York City, authorized property tax rebates for 2.5 million homeowners on Long Island and upstate, restructured and extended a tax subsidy for the real estate industry — the biggest source of state campaign contributions — and authorized New York City mayor Bill de Blasio's control of city schools for another year.

Known as a «big ugly» in Capitol jargon, the bill extended rent regulations and the 421 - a real estate subsidy program, authorized $ 1.3 billion in property tax rebates, renewed mayoral control of New York City schools for another year, released $ 250 million for mandated expenses of non-public schools and demanded more transparency for controversial state testing.

The second biggest irritation is rich politicians «using legal methods to minimise their tax bill such as setting up trust funds for their children».

The U.S. Senate tax bill offers a huge tax cut for corporations, lower rates for the wealthy, and a big victory for Republicans and the White House.

The Senate finished debating the SUNY 2020 bill and are now taking up the so - called «big ugly» omnibus measure, which includes a 2 percent property tax cap, mandate relief and a long - term rent control extension for New York City.

After - school advocates had hoped for a big boost when New York City Mayor Bill de Blasio announced his proposal for a high - earner tax that would fund pre-kindergarten as well as after - school programs for middle schoolers.

The lapse in the tax credit for developers to build affordable housing is the biggest challenge facing Gov. Andrew Cuomo and Mayor Bill de Blasio, the governor told reporters today.

Long Island taxpayers overall lose big, local business leaders, lawmakers and economists have told Newsday, because the bill eliminates the full deduction for state and local taxes, called SALT.

He was responding to questions about two big and controversial ideas: New York City Mayor Bill de Blasio's three - week - old proposal to amend the 421 - a tax abatement program for real estate developers, and Attorney General Eric Schneiderman's introduction this week of a program bill containing sweeping ethics refoBill de Blasio's three - week - old proposal to amend the 421 - a tax abatement program for real estate developers, and Attorney General Eric Schneiderman's introduction this week of a program bill containing sweeping ethics refobill containing sweeping ethics reforms.

f you don't have health insurance, or your insurance coverage still leaves you with big bills, hospitals are supposed to let you know if you qualify for free or reduced - price care, and to charge you fairly even if you don't, if they want to keep their tax - free nonprofit status.

I'm a big M * A * S * H fan, and it was MASH4077, so that bill clearly is something that I'm going to remember, so it being House bill 4077 is the codification of the tax - credit scholarship bill that has been in place in South Carolina, a tax - credit scholarship bill for special needs students.

MPG and running costs > Typically for a car aimed at company car buyers, MPG and CO2 ratings are very good, with the most frugal 2.0 TDi ultra only producing 106g / km, but the faster you want to go, the bigger the tax and fuel bills.

Yet, as noted above, lower minimums for withdrawal rates come «with the danger that more capital is left in RRIFs so that when the holder passes away, their estate will have a big tax bill,» notes Doug Carroll, vice president of tax and estate planning at Invesco Canada.

«This can be a big plus for single moms,» advises Bill Symons, president of Computer Accounting Systems in Oswego, N.Y. «Claiming an exemption for each child can greatly reduce a single mom's taxable income and in some cases, depending on her tax bracket, give her a bigger tax refund.»

Since microinvesting accounts aren't tax - advantaged, using them for long - term saving could land you a big bill from Uncle Sam.

You don't get the hefty Tax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as weTax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as wetax bill for it as well.

However, the biggest cause of concern for most analysts is that the House wants to slash corporate taxes from 35 % to 20 % starting next year while the Senate wants the same tax cut but starting on January 2019, which is a full year away and stoked fears of a possible delay to the bill.

The idea of earning a bucket of rewards points for paying a big IRS tax bill with your credit card seems alluring, except it really doesn't pay off.

But the capital gains tax bill could be a big one if you've owned the cottage for a long time.

What's more, investing in solar energy systems, such as solar water heaters, can help you save money on utility bills and may even qualify you for a tax credit next year — leading to a bigger refund.

Many borrowers didn't learn they had been tricked until they got a big bill for unpaid taxes or insurance a year down the road.