Sentences with phrase «get a tax break on»

If you haven't checked whether your medical expenses could get you a tax break on your 2017 return, it might be worth the chore of digging through records and tallying up receipts.

(And the self - employed get to do this twice, although they at least get a tax break on half of the payment).

In most cases, you get a tax break on money you put into an IRA.

I prefer maxing out my RRSP (401k) to get the tax break on today's income since I know I will have a smaller income once I am retired and therefore, I will pay fewer taxes in the end.

The TFSA is the reverse: you don't get a tax break on contributions, but you don't pay tax on withdrawals either.

You can even sell shares that have declined in value, and get a tax break on your other income.

For those that take advantage of Virginia's prepaid 529 plan, they lose the ability to get a tax break on any contribution over $ 4,000.

You do get a tax break on that interest, but the amount of total interest you save by paying off the loan faster far outweighs whatever tax break you might get.

I prefer maxing out my retirement account to get the tax break on today's income since I know I will have a smaller income once I am retired and therefore, will pay fewer taxes in the end.

You will have to pay ordinary income tax on the conversion (since you got a tax break on the contributions and investment earnings) but there should be no early withdrawal penalty from the traditional IRA.

Tax breaks — you actually get tax breaks on your maintenance, insurance, and property tax expenses (you know, all those expenses already covered by the rent anyway!).

You may also get some tax breaks on this EMI.

The wash sale rule exists to prevent investors from getting tax breaks on artificial losses.

And they point out that residents who've petitioned their municipalities to get a tax break on duplicative services, such as water, have usually lost.

Pharmaceutical companies flocked to the island to avail themselves of a federal rule that allowed them to get a tax break on profits.

With traditional IRAs, you get a tax break on contributions you make.

Not exact matches

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Through 2010, S corporations beyond the seventh year of this so - called «built - in gains holding period» get a break: the taxes on realized gains, normally paid at the highest corporate tax rate before being taxed once more on an individual return, are waived entirely.

Tesla would get $ 1.1 billion in abatements: 20 years without paying sales tax on equipment and construction materials (worth $ 725.8 million), 10 years without property taxes ($ 349 million), and a 10 - year break on payroll taxes ($ 29.4 million).

On the topic of taxes, getting Section 179 and the bonus depreciation break extended is at the top of the wish list for rural communities in battle ground states like Arkansas, Kentucky and Iowa, Moore explained.

Case in point: Brazilian consumers have long paid sales taxes on online purchases, unlike in the United States, where internet commerce got a break in its early years.

Governments generally get a much bigger stimulus bang for their buck when they spend directly on projects, such as roads and bridges, rather than giving cheques or tax breaks to individuals, who may choose to bank the money instead of spending it.

Business owners» views on tax fairness is also demonstrated in their reactions to certain statements: More than three - quarters (77 %) agree with the statement «Government civil servants get the biggest breaks by far because of their tax - supported pensions.»

Taking the cost of the equipment as an immediate expense deduction allows the business to get an immediate break on their tax burden whereas capitalizing then depreciating the asset allows for smaller deductions to be taken over a longer period of time.

Given that companies slashed the pension system to bits and have just gotten a tax break worth billions and billions from the federal government, the least they can do is pass a little on to us workers.

They managed to deliver tax breaks for the rich and oil companies, that's indisputable, but not on any of the «moral» issues they've used since the early 70s to get votes from religious people.

If there is a separation with the church and state and they are getting tax breaks, they shouldn't be involved with pushing their own agendas on their congregations.

But you got ta try and I think challenging the property tax break has real cash impact on voters and might work in overcoming Supreme Court current OK for it..

He raised or created more than 1,000 taxes and fees on people across Massachusetts, while 278 wealthy residents in the state got a tax break.

(Onlyin California have country clubs gotten a break on real estate taxes: a yearago voters approved an amendment to assess club land at the rate specified forrecreational purposes rather than at building value.)

We should be decluttering and making some donations to Goodwill so that we can get a break on our taxes when we file in a few months.

However, unlike the budget process which gives the governor broad authority, Cuomo must break out his chess board if he wants to reach a deal on gay marriage in the Republican - led Senate and get the Democratic - controlled Assembly to approve his 2 percent tax cap.

Cameron discarded promises on knife crime, marriage tax breaks and fuel duty like so much confetti to get Nick Clegg up the aisle.

The Onondaga County Industrial Development Agency (OCIDA) is getting to work on the latest request from the developer of Destiny USA for a tax break to build a 252 - room hotel across the street from the mall.

Cornerstone is also getting the option to purchase two more vacant downtown lots and will receive tax breaks on both if it decides to do so.

The Republican tax reform proposal is focused on tax breaks for the middle class «and not about people who are really high - income earners getting a tax break.»

The Empire Center broke the news this week that the state Department of Taxation and Finance is working on an unincorporated business tax that might allow partners at law firms and investment banks and similar high - paying places to get around the federal limitation on deducting state and local taxes.

The men and women who served in Iraq and Afghanistan should be getting a 15 percent break on their property taxes, but many aren't...

«What the Conservatives get to announce is up to them», added the Lib Dem spokesman, but the message was clear: the Lib Dems signed off on marriage tax breaks in the coalition deal, but they have now won a victory of their own.

We here at the CapTon nerve center (AKA the former bowling alley that is now YNN's Albany HQ on Watervliet Avenue Extension) tasked the intrepid Mr. Whittemore to get Sen. John Bonacic on camera explaining why he had broken with his fellow Republicans on extending the millionaire's tax.

We have put forward a 5 point plan to get demand and growth back into our economy — including tax breaks for small businesses taking on extra workers, a temporary VAT cut, and a tax on bank bonuses to fund 100,000 jobs for young people.

«The back to school shopping season is underway and, in New York State, every day is a sales tax holiday with shoppers getting a break on clothing and footwear items sold for under $ 110,» New York State Commissioner of Taxation Finance Jerry Boone said.

Late budgets jobs and business leaving this state cronism politicians making a life long career out of getting elected to office it has to stop open your eyes people stop listening to the BS!Fiscal responsibility, term limits and accountablity is what we should be demanding and votng for.Every election it's always some specal interest group trying to spin something.Vote out every single incumbant impose our own term limits they are all parisites surviving on our hard earned money.JOBS, TAXES, CORUPTION, LATE BUDGETS, CRIMINAL CONDUCT, ABUSE OF POWER INEFFECTIVE LEADERSHIP, THE COST TO LIVE IN THIS STATE A GOOD JOB FOR YOUR CHILDREN, SOMETHING LEFT FOR YOUR FAMILY AFTER A LIFETIME OF WORKING HARD FOR IT ARE THE ISSUES!!!! HOMOSEXUALITY give me a break!

That is, Republicans may be hoping that without the break on federal taxes I was getting for my high property, city and state taxes, I may vote to reduce taxes — and thus spending — at all levels of government.

«The point is this: you could have the best Labour mayor we've ever seen, but if you've got a Tory government privatising the NHS, not building homes, increasing inequality, keeping the bedroom tax, having young people thrown on the scrapheap, leaving the European Union, Scotland breaking away from the United Kingdom, what is the point?»

Three people familiar with the commission's deliberations told Capital that rather than an income - tax cut, which was hinted at by committee co-chair and former governor George Pataki, committee members are instead focusing on some sort of property tax «circuit - breaker,» where individuals would get a break on local levies if their property taxes were adjudged to be too high as a function of their income.

Thomas focused the majority of his economic action plan around getting the city's Industrial Development Agency (IDA) back on track after New York State Comptroller Tom DiNapoli slammed the beleaguered agency for not keeping records for the monies and tax breaks it gives to development projects.

The article says records show Paladino, a Buffalo developer, failed to disclose that seven of his companies and subsidiaries have gotten $ 4.2 million in tax breaks on developments in and around Buffalo.

«Only a particular type of industry can come in, in a particular type of place, that's next to a SUNY campus, and then you got to have all these checkmarks on a big form to then maybe qualify for a tax break.

«I have said this privately and I've said this publicly, that we need a new and better approach, based on the fact that we are equal bargaining partners with developers, and that when developers get lucrative tax breaks, we have to ensure that the community gets tangible, immediate benefits,» said Miner, in an interview with WRVO News.