Sentences with phrase «higher income thresholds»

Joint filers mostly receive higher income thresholds for certain taxes and deductions — this means they can earn a larger amount of income and potentially qualify for certain tax breaks.

The CBO also estimates that 400,000 households would lose benefits under higher income thresholds, eliminating free school lunch for 265,000 children.

Married filing jointly means you qualify for an extra-large standard deduction, and that you'll enjoy higher income thresholds for various tax breaks (so you can take advantage of them despite having a higher income).

This allows those falling into this category to use the higher income thresholds when determining if they should file a return or not.

Depending on the beneficiaries» tax picture and given their higher income thresholds, it may make sense to distribute out income from the trust to minimize the trust's taxable income while maximizing the beneficiaries» cash flow without adversely affecting their tax picture.

Joint filers mostly receive higher income thresholds for certain taxes and deductions — this means they can earn a larger amount of income and potentially qualify for certain tax breaks.

But others use different calculations that often have higher income thresholds than the federal rules.

[17] See Federal Register, Volume 80, Number 61, March 31, 2015, page 17027, http://www.gpo.gov/fdsys/pkg/FR-2015-03-31/pdf/2015-07359.pdf. Higher income thresholds apply to families in Alaska and Hawaii.

My understanding is that Medicaid covers a higher income threshold for pregnancy than it usually does.

Additionally, HUSKY A has been a consistently similar indicator of student poverty to FRPL over the past 10 years and has a slightly higher income threshold than FRPL and a considerably higher income threshold than most other federal programs already included in direct certification.

Not exact matches

Researchers have found that the Pareto distribution is a useful tool for modeling incomes above a certain (high) threshold.

That's because a partner with a high - income spouse may wind up exceeding the taxable income threshold.

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

To limit volatility within a pre-determined threshold, the fund can shift to fixed income and cash, favoring the fixed income component due to its greater negative correlation to equity and higher yields than cash.

The change, the government says, will create a threshold of $ 50,000 on passive income per year to ensure only three per cent of the most wealthy private corporations will have to pay higher taxes.

Furthermore, individuals can make fully tax - deductible contributions to a 401 (k) no matter how high their income, whereas a traditional IRA closes off fully deductible contributions to taxpayers who pass certain income thresholds.

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.

In other words, you owe the 3.8 % tax on the amount by which your investment income exceeds the income thresholds, or, if your wages alone already are higher than the income thresholds, you'll owe tax on the lesser of net investment income or MAGI that exceeds the thresholds.

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.

Many people estimate that the actual threshold for poverty is far higher than this income line used by the Census Bureau, and poverty is on the rise in the present recessionary economy.

Most employers can not count on satisfying the second condition because the income thresholds to qualify for the credit or subsidy are relatively high.

-LSB-...] Graham's comments over at the Social Liberal Forum were typical: «The fact that raising the tax threshold helps people on higher incomes more than -LSB-...]

One thing that surprised me about the Horton analysis is that it didn't even suggest the most obvious way to make the LD policy more redistributive, which is to lower the threshold for the higher rate of income tax by the same amount personal allowance is raised.

There will be a freeze on the higher rate income tax threshold in 2012.

And it is being used to hand the rich a # 523 - a-year tax cut by raising the threshold for higher rate income tax by more than # 2,500.

The threshold for the higher - rate 40 % income tax rate will be # 35,001 of taxable income from April, compared with # 37,401 this financial year.

It joined other groups in questioning why the government felt unable to spend the money designing a fairer system that avoided punishing one income families living on a salary of # 44,000, who lost the benefit, and two income families where each workers kept their income below the higher rate threshold.

Some occupied apartments can be deregulated after reaching that threshold if the tenant's income is too high.

To do that, the Assembly has put forth a bill that would repeal vacancy decontrol and increase high income and high rent deregulation thresholds to $ 300,000 and $ 3,000, respectively, among other expansions of the current laws.

However, it was the juxtaposition of the proposed cuts to disability benefits with the cuts to CGT, corporation tax and the raising of the threshold at which people pay the higher rate of income tax that caused a threatened rebellion among Conservative MPs and led to Duncan Smith's resignation.

The below - inflation 1 % rise in the threshold for the 40p rate of income tax will drag a further 1 million workers into the higher rate by 2015.

• He defended the fact that two - earner families will continue to get child benefit even if their combined income is above the higher - rate threshold.

The coalition has been criticised for removing child benefit from single - earner couples whose income is over the higher rate tax threshold, hitting better - off women who give up their careers to look after their children.

The fact that she qualified only after she had health insurance struck her as a catch - 22, and she does nt feel that the income threshold for uninsured people (four times the federal poverty guidelines, or $ 58,280 for her two - person household) is high enough.

I don't have a predetermined budget anymore, but I try to keep my clothes spending under the «5 % of net income» threshold, and (even on the high end), I'm comfortably within that limit.

[16] The income eligibility thresholds for free and reduced - price lunches are higher than the poverty levels used in the standard allocation formulas to states and LEAs: 130 percent of the poverty line for free lunches (or $ 31,525 annually for a family of four for the 2015 - 16 school year) and 185 percent of the poverty line for reduced - price lunches (or $ 44,863 annually for a family of four for the 2015 - 16 school year).

The survey also established definitions of «low - income» and «high - income» using an annual household income threshold of $ 50,000 — with households above $ 50,000 being considered high income with the converse being true.

Respondents with household incomes below the $ 50,000 threshold were considered «low - income,» and respondents with household incomes equal to or above this threshold were considered «high - income.»

Title I: ESSA lowers the threshold so that high schools with at least 50 % low - income students would be prioritized to receive Title I funds.

In the USA for instance the SEC already requires individuals to pass certain income / net worth thresholds to engage in certain types of high - risk investing (like venture capital investments), I fail to see how a similar argument could not be applied to shorting.

Next, if you have income higher than the surplus income threshold set by the government, you also will have to pay a surplus amount depending on how much you make.

If your income is more than the set minimum threshold, it's likely you'll be prompted to take a higher amount than you have applied for.

With income from your other job taking you over the higher - rate threshold, you should inform HMRC of this and get a tax code of DO for the second job, meaning 40 % tax (and also both employer's and employee's National Insurance) will be deducted from the whole amount of the salary.

Taxpayers above these thresholds will pay a higher tax on dividends and interest and other types of income that are not wage income.

In 2017, the Part B standard monthly premium is $ 134.00, $ 12.20 higher than the 2016 amount.4 There are also income - related premium surcharges for Part B beneficiaries whose modified adjusted gross income exceeds a specified threshold.

To limit volatility within a pre-determined threshold, the fund can shift to fixed income and cash, favoring the fixed income component due to its greater negative correlation to equity and higher yields than cash.

That's because when your income rises, each dollar earned above the last tax threshold is taxed at a higher rate.

Unlike other savings vehicles, such as IRAs, 529 plans do not limit or prohibit participation based on a high - income threshold.

If you have a high income, you will notice that the Social Security tax stops getting collected once you hit that year's threshold, which is set at $ 128,700 in 2018.

Once you've worked on getting your credit score over a particular threshold, you may need to conserve cash if your liquid reserves are too low, or pay down your credit cards if your debt - to - income ratio is too high.