Sentences with phrase «high agi»

couple that with high AGI income earners it becomes real..

For example, if you or your spouse has a large amount of out - of - pocket medical expenses to claim and since the IRS only allows you to deduct the amount of these costs that exceeds 7.5 % of your adjusted gross income (AGI) in 2017 and 2018, it can be difficult to claim most of your expenses if you and your spouse have a high AGI.

However, in community property states the lower earner will always report higher AGI than their gross salary because of Pub 555 forces the tax payer to report on 1040 line 22 = (a + b) / 2.

For one, the new law eliminates the Pease phaseout on itemized deductions for taxpayers with high AGIs from 2018 to 2025.

The higher your AGI, the more your monthly student loan payment will be under an income - driven repayment plan, so some people will pay significantly higher student loan payments if they choose to file jointly.

Not exact matches

Your MAGI differs from your AGI in that it may be higher, with certain adjustments added back.

Even if your AGI is as high as $ 62,000, you'll still qualify for a 10 percent credit.

Higher income individuals pay a higher premium based on 2013 AGI plus tax - exempt municipal bond iHigher income individuals pay a higher premium based on 2013 AGI plus tax - exempt municipal bond ihigher premium based on 2013 AGI plus tax - exempt municipal bond income.

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.

So you still need to provide proof of coverage or pay the penalty, which is the higher of 2.5 percent of your AGI, or $ 695 per adult and $ 347.50 per child, up to a family maximum of $ 2,085.

The limitation on itemized deductions (sometimes called «Pease» after the Ohio congressman who proposed it) reduces deductions for high - income taxpayers by 3 percent of the amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of deductions claimed.

The last Association of Ghana Industries (AGI) Investor Confidence Index shows that there is high confidence in the prospects of the Ghanaian economy, and, so, we are doing something right, and if anybody says that this economy is in crisis then it's mainly for political propaganda purposes,» Mr Mahama noted.

Again, A Senior Advocate of Nigeria, Mr. Joe Agi, who is being prosecuted along with Justice Ademola of a Federal High Court, had told the Department of the State Service that Buhari's lawyer paid N500, 000 to Justice Ademola in 2015 at the time the judge was presiding over Buhari's certificate case.

Justice Ademola, his wife, Olubowale, and Lamido's lead counsel, Mr. Joe Agi (SAN), were jointly prosecuted before the High Court of the Federal Capital Territory by the Federal Government but were exonerated of all the 18 counts preferred against them on April 5, 2017.

The Chief Judge, CJ of the Federal High Court, Justice Ibrahim Auta had re-assigned the case to Justice Quadri, shortly after Justice Ademola's trial along with his wife and Joe Agi, SAN, commenced at a Federal Capital Territory High Court, for offences bordering on money laundering charges.

Justice Ademola was also said to have on January 5, 2015 in his capacity as a public servant «corruptly received from Joe Odey Agi a BMW Saloon 320i valued at N8, 500,000 through your son, Ademide Ademola, as gratification in the exercise of your of your official functions as the judge of the Federal High Court of Nigeria».

As a leading provider of nonhuman primates AGI fosters outstanding research results for our customers by providing primate models of only the highest quality.

«Their stories convey critically important principles, processes, and practices that can help high schools across the nation raise achievement and close gaps,» said AGI Director and Faculty Co-chair Ronald Ferguson.

The Achievement Gap Initiative (AGI) at Harvard University released today a new report, How High Schools Become Exemplary, exploring 15 public high schools that made outstanding gains on state accountability exams over the past decHigh Schools Become Exemplary, exploring 15 public high schools that made outstanding gains on state accountability exams over the past dechigh schools that made outstanding gains on state accountability exams over the past decade.

Starting this year, the $ 100,000 AGI limit on these rollovers is lifted so even high - income taxpayers can convert their retirement accounts this year.

The next story about Medicare (arguably a topic many retirees care about), Laura Saunders discusses how many high - income Americans will be subject to increases in premium charges and the key number for planning is the modified, adjusted, gross income (AGI), which usually means a person's adjusted gross income.

At the end of the year you find that your modified AGI is higher than expected and your Roth IRA contribution limit is $ 3,500.

In 2017, the amount of your deduction will begin to decrease, or phaseout, at an adjusted gross income of $ 65,000 ($ 135,000 if married filing jointly) and the deduction will be unavailable to you if your AGI is $ 80,000 ($ 165,000 if married filing jointly) or higher.

Just like single taxpayers without retirement plans at work, married taxpayers filing jointly without work plans can make the maximum traditional IRA contribution no matter how high their income (AGI) might be.

Single persons who are not covered by an employer plan can make the maximum traditional IRA contribution no matter how high their income (AGI) might be.

This includes AmeriCorps awards (awards, living allowances, and interest accrual payments), as well as student grants and scholarships (only the amount that is taxable and was included in AGI, such as the amount in excess of qualified higher education expenses).

The agony of AGI A section in the tax code limits the amount of itemized deductions that certain high - income taxpayers can take.

Because Carole is deemed a high - income taxpayer, with an AGI greater than $ 156,400 for 2007, her itemized deductions will be limited.

It absolutely killed us last year as we weren't able to deduct any losses from real estate because our AGI was too high collective.

I've heard from other friends that the actual AGI limitation is much higher.

In fact, given the high 10 % - of - AGI threshold for deducting medical expenses, and the fact that premiums will be partially subsidized for many, it's unlikely that most clients will be able to obtain much of any deduction at all, especially if they are high income.

You can claim her child if your adjusted gross income (AGI) is higher than your sister's AGI, and she doesn't claim him.

If time spent with each parent is equal, the parent with the higher adjusted gross income (AGI) will receive the benefits.

My AGI in 2016 was 39,344 so my $ 65 per month payments are going up to $ 266 per month, which is high but tolerable — but after 14 months will increase to $ 1,600 (how is that 10 % of my income?).

There's a 67 % premium on the AGI deal, so this represents a higher level of price risk if the deal failed — calculating underlying instrinsic value will be an important reference point also.

2 days agi, the strongest, high energy, living and playful one developed extreme lethargy, yesterday high fever, no appetite, no water, runny nose.

A word to the high earners, eligibility for this exemption phases out when your Adjusted Gross Income (AGI) reaches $ 309,900 for joint filers and $ 258,250 for single filers.

Primary strength in developing and maintaining high - performing agi...

If the child lived with each parent for an equal number of nights during the year, the custodial parent is the parent with the higher adjusted gross income (AGI).

• Taxpayers (including both homeowners and nonhomeowners) with AGI between $ 75,000 and $ 250,000 would on average pay higher income taxes, while all other income categories would on average enjoy tax reductions.