Sentences with phrase «for joint filers if»

Not exact matches

2017's maximum Earned Income Tax Credit for singles, heads of households, and joint filers is $ 510, if the filer has no children (Table 9).

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.

For example, if you expect $ 48,000 in taxable income (before tapping your investment accounts), you could target a marginal rate of 12 %, the rate for joint filers in 20For example, if you expect $ 48,000 in taxable income (before tapping your investment accounts), you could target a marginal rate of 12 %, the rate for joint filers in 20for joint filers in 2018.

Tax filers who qualified for less than $ 300 of the full basic credit ($ 600 for joint filers) could get $ 300 ($ 600 for joint filers) if they had either (1) at least $ 3,000 in earnings, Social Security benefits, and veteran's payments or (2) net income tax liability of at least $ 1 and gross income above specified thresholds.

For example, if you file as a single, head of household, or qualifying widow (er) taxpayer for the 2017 tax year and have more than $ 75,000 in adjusted gross income ($ 55,000 for married filing separately, $ 110,000 for joint filers), the reduction increases as the amount exceeding the limit increasFor example, if you file as a single, head of household, or qualifying widow (er) taxpayer for the 2017 tax year and have more than $ 75,000 in adjusted gross income ($ 55,000 for married filing separately, $ 110,000 for joint filers), the reduction increases as the amount exceeding the limit increasfor the 2017 tax year and have more than $ 75,000 in adjusted gross income ($ 55,000 for married filing separately, $ 110,000 for joint filers), the reduction increases as the amount exceeding the limit increasfor married filing separately, $ 110,000 for joint filers), the reduction increases as the amount exceeding the limit increasfor joint filers), the reduction increases as the amount exceeding the limit increases.

For example, if you're in the 22 % tax bracket — $ 77,401 to $ 165,000 for joint filers and $ 38,701 to $ 82,500 for singles — the difference between the short - and long - term gains rate is 7 percentage points (22 % versus 15 For example, if you're in the 22 % tax bracket — $ 77,401 to $ 165,000 for joint filers and $ 38,701 to $ 82,500 for singles — the difference between the short - and long - term gains rate is 7 percentage points (22 % versus 15 for joint filers and $ 38,701 to $ 82,500 for singles — the difference between the short - and long - term gains rate is 7 percentage points (22 % versus 15 for singles — the difference between the short - and long - term gains rate is 7 percentage points (22 % versus 15 %).

If you are a joint filer, enter the same information for your spouse.

But if you're single and your adjusted gross income is more than $ 85,000 (or more than $ 170,000 for joint filers), you'll have to pay from $ 170.50 to $ 389.80 per month.

The interest on both bond types can be tax free if used for qualified education expenses as long as you fall within the income limitations ($ 92, 550 for single filers or $ 146,300 or joint filers).

Keep in mind that the deduction is capped at $ 4,000 if you come from a household that makes $ 65,000 ($ 130,000 for joint filers) a year.

If you come from a family that earns $ 80,000 ($ 160,000 for joint filers) a year, you can deduct $ 2,000.

If the seller owned and used the home as a main residence for at least two of the past five years before selling it, they can usually exclude up to $ 250,000 ($ 500,000 for joint filers) of the gain from taxable income.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

If you're a specified service business but your income is less than $ 157,500 for single filers or $ 315,000 for joint filers, then you can still claim the 20 % deduction.

If your income is up to $ 50,000 higher for singles or $ 100,000 for joint filers, then a partial deduction is available.

You can avoid an underpayment penalty if withholding or estimated payments equal at least 90 % of your tax liability for the current year, or 100 % of your tax liability for the previous year (or 110 % if your income was more than $ 150,000 for singles and married joint filers).

However, if one or both are active participants, tax deductibility for joint filers phases out at a modified adjusted gross income (MAGI) of $ 99,000 to $ 119,000 for a participating spouse and $ 186,000 to $ 196,000 for a nonparticipating spouse in 2017.

If you are a single filer and make less than $ 95,000 or are a joint filer making less than $ 150,000, you are eligible for the full contribution amount.

If your total taxable income exceeds a certain threshold — $ 25,000 for single filers, $ 32,000 for joint filers — then your Social Security benefits may be taxed.

If business owners make over these income levels, the 20 percent deduction is phased out over a range of $ 50,000 for single filers and $ 100,000 for joint filers.

However, if your adjusted gross income exceeds $ 150,000, for joint filers, or $ 75,000, for single or married - filing - separate filers, your prior payments must be 110 percent or more of your 2000 income tax liability paid.