Sentences with phrase «for tax years»

The Tax Cuts and Jobs Act suspends this deduction for tax years 2018 through 2025.

This deduction is available for tax years beginning on or after January 1, 2012.

For tax years 2010 and 2011, the first $ 106,800 of your combined earnings may be subject to a combination of railroad retirement tax (tier 1), Social Security tax, and the Social Security part of self - employment tax.

The American Opportunity Tax Credit (AOTC) Under the American Recovery and Reinvestment Act (ARRA), the IRS modified the education tax credit formerly known as the Hope Scholarship Credit for tax years 2009 and 2010, and created the American Opportunity Tax Credit (AOTC).

American Opportunity Credit — This is available for tax years 2009 through 2017.

Under current law, the deduction is not available for tax years after 2013.

That's a result of the GOP tax bill, which lowers the threshold from 10 % for tax years 2017 and 2018.

For example, if a taxpayer itemizes deductions and reports dental expenses, she must reduce the total expense by 7.5 percent of her AGI for tax years 2017 and 2018.

If you're itemizing deductions, the IRS generally allows you a medical expenses deduction if you have unreimbursed expenses that are more than 7.5 % of your adjusted gross income for tax years 2017 or 2018.

For tax years 2001 or later, military pensions are fully deductible up to $ 6,000.00 per recipient, and do not have to be reduced by social security or railroad retirement benefits received.

The Funds» federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired (the current year and the prior year) are subject to examination by the Internal Revenue Service and state departments of revenue.

The Act became law on March 2, 2010 and applies for tax years beginning on January 1, 2009.

For tax years 2011 and 2012, same - sex married couples must file using a married filing status regardless of how you filed your federal return.

For tax years beginning on or after January 1, 2000 each recipient of certain pension benefits may deduct up to $ 6,000.00 of pension income that is included in federal adjusted gross income.

For tax years prior to 2011, same - sex individuals who were legally married may, but are not required to, file New York State original or amended returns using a married filing status, provided the statute of limitations for amending the return is still open.

For tax years 2013 and after, same - sex married couples must file using the general married filing status rules.

The TCJA nearly doubles the existing standard deduction amounts for tax years 2018 — 2025.

The Tax Cuts and Jobs Acts (TCJA) preserves the deduction for medical expenses, and changes the floor to 7.5 % for tax years 2017 and 2018.

For tax years after 2018, the floor will return to 10 %.

The threshold has been reduced back down to 7.5 % (from 10 %) for tax years 2017 and 2018.

For tax years prior to 2018, another option is a deduction of up to $ 2,000 or up to $ 4,000 of qualified tuition and mandatory enrollment fees, depending on your income.

For tax years before 2013, the IRS insisted on receiving details for each individual transaction.

You can contribute to an RRSP for any tax years where you turn 18 or older up to a maximum of 71 years of age.

Distributions to the extent the individual's unreimbursed medical expenses exceed 7.5 percent of his adjusted gross income for tax years 2017 and 2018

Yes, effective for tax years beginning after December 31, 2016, a taxpayer may be eligible for either a deduction from federal taxable income for Minnesota income tax purposes or a tax credit on contributions to an Account during a taxable year.

For tax years prior to 2018, the Child Tax Credit provides up to $ 1,000 for every child under 17 in your care if you meet certain income requirements.

For tax years 2018 through 2025, the standard deduction will be $ 12,000 for single filers and $ 24,000 for married couples filing jointly.

This includes StudioTax for tax years: 2004 - 2008 (inclusive).

Block says that if you incur medical expenses of over 7.5 percent of your adjusted gross income for tax years 2017 and 2018, you may deduct health - related travel expenses.

Each dependent you claim allows you to reduce your taxable income by one exemption for tax years prior to 2018 and will allow you to receive a tax credit for tax years beginning in 2018 and beyond.

The Tax Cuts and Jobs Act raises that threshold to $ 11.2 million for single filers and $ 22.4 million for married couples filing jointly for tax years 2018 to 2026 — assuming no major Congressional action.

For tax years prior to 2018 these expenses must exceed 2 percent of your AGI before they become deductible.

For tax years beginning after 2012, new Internal Revenue Code («IRC») Section 1411 imposes a 3.8 % surtax on certain investment income of individuals and of trusts and estates.

The allowance drops to $ 125,000 for tax years beginning in 2015.

To file your back tax returns, you will need the W - 2s or 1099 forms you received for those tax years to report your income.

Accountant, dentists, lawyers, medical doctors, veterinarians and chiropractors will no longer be able to elect to exclude the value of work in progress in computing their income for tax years that begin on or after Budget Day.

For tax years after 2017, mortgage interest deduction for new mortgages is limited to the amount of interest on up to $ 750,000 of borrowed money.

If you itemize deductions and report medical expenses, for example, you must reduce the total expense by 7.5 percent of your AGI for tax years 2017 and 2018.

For tax years prior to 2018, federal tax law allows you to claim a child tax credit of up to $ 1,000 for each qualifying child you claim as a dependent on your tax return.

Recently, Michael Blake discovered that he really didn't want to be a resident of the District of Columbia so he filed a certificate of non-residence and applied for refunds for the tax years, 2009 — 2012.

For tax years beginning after December 31, 2015, the credit is now available to registered distributors that produce beer, cider, wine and liquor.

This legislation is generally effective for tax years beginning after Dec. 31, 2017, with most of the provisions for individuals set to expire after 2025.

For tax years 2017 and 2018, it is 7.20 % (for tax year 2016, the rate was 7.96 %).

For tax years 2018 through 2025, the standard deduction will be $ 12,000 for single filers and $ 24,000 for married couples filing jointly.

But the legislation, which would generally be effective for tax years beginning after 2017, still has a long way to go around the track before it hits the finish line.

The IRS searched the MTRDB for Form 8949 data for tax years 2013 through 2015.

The AMT was permanently patched for inflation through the American Tax Payer Relief Act of 2012, which went into affect on January 1, 2013, and was retro - active for tax year 2012.

For tax year 2017, it's either 2.5 % of your total household income, or $ 695 per uninsured adult and $ 347.50 per uninsured child (up to a maximum of $ 2,085)-- whichever figure is higher.

For tax year 2016, the allowable annual contribution for individual coverage remains the same while the family - allowable contribution will rise by $ 100 to $ 6,750.

Some of these people may have decided paying the Obamacare penalty for this tax year was a more cost - effective move.