Sentences with phrase «for joint income»

To be an accredited investor, a person must demonstrate an annual income of $ 200,000, or $ 300,000 for joint income, for the last two years with expectation of earning the same or higher income.

Net contributions by a taxpayer who does not claim the Minnesota tax credit for contributions are deductible for Minnesota income tax purposes each year up to $ 3,000 for joint income tax return filers and $ 1,500 for all other filers.

To be an accredited investor, a person must demonstrate an annual income of $ 200,000, or $ 300,000 for joint income, for the last two years with the expectation of earning the same or higher income.

Not exact matches

The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.

Contributions to the Roth IRA phase out completely for single filers at an annual income of $ 133,000, and for joint filers at an annual income of $ 196,000.

Besides, even if you are eligible to contribute directly to a Roth IRA (which means a modified adjusted gross income below $ 112,000 for individuals and $ 178,000 for married couples filing a joint tax return), the maximum you can set aside this year is just $ 5,500 if you are younger than 50, and $ 6,500 if you are older.

Bizarrely, the authors ultimately abandoned support for the notion because of feminist concerns that joint filing would force wives to reveal their full incomes to their husbands and threaten the «economic autonomy of married women.»

Key Facts: Joint filer with a Schedule C business has a standard deduction of $ 24,000 Business gross income of $ 130,000 Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ 100,000.

Although Sanders and his wife's joint tax return showed income of only a little more than $ 200,000 for 2014 — including his $ 174,000 salary, his mayoral pension, and their Social Security payments — the senator's expected retirement benefits make his situation much more comparable to those in the millionaire class he faults.

According to a 2010 report by the Joint Committee on Taxation, the official scorekeeper for Congress, about 3 percent of people who report business income would face a tax increase under Obama's plan.

This document also contains proposed regulations that, to reflect current law, amend the regulations relating to the surviving spouse and head of household filing statuses, the tax tables for individuals, the child and dependent care credit, the earned income credit, the standard deduction, joint tax returns, and taxpayer identification numbers for children placed for adoption.

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).

In determining a taxpayer's eligibility to claim a dependency exemption, these proposed regulations change the IRS's position regarding the adjusted gross income of a taxpayer filing a joint return for purposes of the tiebreaker rules and the source of support of certain payments that originated as governmental payments.

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.

While you can contribute to an IRA for a spouse who isn't working (as long as you file a joint tax return), the total contribution for both you and your spouse can't exceed your joint taxable income or double the annual IRA limit, whichever is less.

A Delaware income tax return must be filed by any Delaware resident with a Delaware adjusted gross income (AGI) of $ 9,400 or more for single filers or married persons filing separately or $ 15,450 or more for joint filers.

Take advantage of «age - based» options: For example, tax regulations allow non-working spouses to establish IRA accounts as long as their spouses have earned income, a joint return is filed and the joint income does not exceed $ 190,000.

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.

The deduction is also available to taxpayers below the age of 65 but it phases out for filers with income over $ 50,000 (for single filers) or $ 75,000 (for joint filers).

«If your modified adjusted gross income is over $ 65,000 for someone filing single or $ 135,000 for couples filing jointly, the deduction starts to phase out until it is completely eliminated at $ 80,000 for a single person or $ 165,000 for a joint return.»

For joint filers or heads of household, the exemption is $ 3,200 up to $ 150,000 in income, $ 1,600 from $ 150,000 to $ 175,000, $ 800 up to $ 200,000 and zero beyond that.

For filers (joint or single) with an income less than $ 100,000, the exemption is $ 3,200.

The same goes for a Roth IRA, as long as your income is not above the limits (the ability to contribute to a Roth IRA starts to phase out at $ 186,000 for 2017 and $ 189,000 in 2018, if you are married and file a joint return.

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.

For 2018 full deductibility of a contribution is available to active participants whose 2018 Modified Adjusted Gross Income (MAGI) is $ 101,000 or less (joint) and $ 63,000 or less (single); partial deductibility for MAGI up to $ 121,000 (joint) and $ 73,000 (singlFor 2018 full deductibility of a contribution is available to active participants whose 2018 Modified Adjusted Gross Income (MAGI) is $ 101,000 or less (joint) and $ 63,000 or less (single); partial deductibility for MAGI up to $ 121,000 (joint) and $ 73,000 (singlfor MAGI up to $ 121,000 (joint) and $ 73,000 (single).

For joint filers like you and your spouse, the income limit for a fully deductible IRA contribution, for 2015 was $ 98,0For joint filers like you and your spouse, the income limit for a fully deductible IRA contribution, for 2015 was $ 98,0for a fully deductible IRA contribution, for 2015 was $ 98,0for 2015 was $ 98,000.

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.

[2] ATRA also temporarily extended the higher earned income tax credit phaseout threshold for joint filers.

The sum of the basic and child credits was reduced by 5 percent of the tax filer's adjusted gross income over $ 75,000 ($ 150,000 for joint filers).

Most tax filers received a basic credit of $ 600 — or $ 1,200 for joint filers — up to their income tax liability before subtraction of child and earned income credits.

In higher tax brackets, the earned income credit won't apply, anyway, but some of those other deductions could be highly beneficial for joint married filers as deductions play a role in reducing your overall annual earnings, also known as your adjusted gross income, or AGI.

For joint filers with combined income below $ 32,000, none of your Social Security is taxed.

For 2017, the amount of your student loan interest deduction is gradually reduced if your modified adjusted gross income is between $ 65,000 and $ 80,000 ($ 135,000 and $ 165,000 if you file a joint return).

Boston College researchers found that the $ 120,000 available for households nearing retirement would provide only $ 575 in monthly income, assuming a household purchases a joint - and - survivor annuity.

For a traditional IRA, full deductibility of a contribution for 2017 for those who participate in an employer - sponsored retirement savings plan is available for those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlFor a traditional IRA, full deductibility of a contribution for 2017 for those who participate in an employer - sponsored retirement savings plan is available for those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlfor 2017 for those who participate in an employer - sponsored retirement savings plan is available for those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlfor those who participate in an employer - sponsored retirement savings plan is available for those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlfor those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlfor those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (singlfor MAGI up to $ 119,000 (joint) or $ 72,000 (single).

The official tax scorekeeper, the Joint Committee on Taxation, recently published estimates of average income tax rates by income group for 2018, which are presented in the table below.

Generally speaking, joint market action in Treasury yields, credit spreads, commodities, and market internals provide the earliest signal of potential economic strains, followed by the new orders and production components of regional purchasing managers indices and Fed surveys, followed by real sales, followed by real production, followed by real income, followed by new claims for unemployment, and confirmed much later by payroll employment.

They show that uncontrolled joint development agreements were not relevant to the question of whether to include stock option costs in QCSAs because clear reflection of income for high - profit intangibles can not succeed if it relies on uncontrolled party data.

An individual who is physically or mentally incapable of self - care, lived with you for more than half of the year, and either: (i) is your dependent; or (ii) could have been your dependent except that he or she has gross income that equals or exceeds the exemption amount, or files a joint return, or you (or your spouse, if filing jointly) could have been claimed as a dependent on another taxpayer's 2015 return.»

If you're married, filing jointly, and your combined wages will exceed the $ 250,000 income threshold for couples, you'll want to make sure that your joint Medicare surtax for the year isn't significantly higher than you anticipated.

Profits from Chinese operations, including joint ventures, accounted for about 20 percent of GM's global net income of $ 9.7 billion in 2015.

Also, the claimant must have total income under $ 56,000 as a single filers, $ 70,000 as a head of household or $ 84,000 for joint filers.

The personal exemption amount starts to phase out for individuals with $ 254,200 AGI (adjusted gross income) and married joint filers with $ 305,050 AGI.

A joint income of # 50k is enough to survive on, that's for sure, but in these economically strained times it's a long way from being comfortably well - off.

The wage increase comes along with a $ 1 billion income tax cut for joint filers earning less than $ 300,000 spread out over eight years.

The agreement also includes a plan first put forward by Senate Republicans to lower income tax rates for joint filers and small businesses earning up to $ 300,000 a year.

Good government groups used the occasion of Silver's sentencing to renew their calls for comprehensive ethics reform, including limits on lawmakers» outside income and a comprehensive overhaul of the operation of the state Joint Commission on Public Ethics.

UPDATE: Liz adds, for clarity: To be clear, the state already has five tax brackets with a top rate of 6.85 percent that kicks in for joint filers with taxable incomes over $ 40,000.

The Legislature in 2011 adopted an ethics overhaul measure that required greater disclosure of sources of outside income for state elected officials, as well as the creation of the latest lobbying regulator, the Joint Commission on Public Ethics.

Senate Republicans continue to raise concerns with a $ 15 minimum wage, even as Cuomo says a $ 1 billion income tax cut for joint filers earning $ 300,000 is on the table and the wage increase itself would be phased in over time periods across the state.