Sentences with phrase «income cutoff»

The phrase "income cutoff" refers to a specific amount of money or earnings that a person or household cannot exceed in order to be eligible for certain benefits or programs. It is a limit set to determine who qualifies for assistance based on their income level. Full definition
In another paper, Bulman and Hoxby use a regression - discontinuity design to estimate the effects of the tuition tax deduction for families around the maximum income cutoff for eligibility.
That's why many lenders have strict income cutoffs.
The new 250 percent income cutoff means a single defendant would need to earn less than $ 29,700 a year to qualify for a free lawyer, double the $ 14,850 or less they'd have had to earn under the 125 percent cutoff.
Income cutoffs in Ontario are among the lowest in the country, ranging from $ 10,800 year for a single person to $ 26,714 a year for a family of five, leaving the majority of people ineligible.
The framework offers to collapse the current seven marginal tax brackets into just three — 12 percent, 25 percent and 35 percent — but it does not provide income cutoff points associated with each bracket.
Yet Statistics Canada data reveals the incidence of poverty, as defined by the low - income cutoff, is now at a record low.
For those with three or more qualifying children, the income cutoff for the Earned Income Tax Credit was $ 46,997 for singles and $ 52,427 if married filing jointly.
For people with two qualifying children, the income cutoff for the credit is $ 43,756 for singles or $ 49,186 if married filing jointly.
In 2013, for the first time, a majority of public - school students in this country — 51 percent, to be precise — fell below the federal government's low - income cutoff, meaning they were eligible for a free or subsidized school lunch.
The income cutoff, combined with the fact that many institutions are not eligible for the program due to their for - profit status or lower accreditation, or simply opt not to participate, make gratuidad's reach quite minor.
The income cutoff was raised, and more middle - class families became eligible.
If you're near the income cutoff, be careful about financial moves that could increase your adjusted gross income and make you subject to the surcharge, such as rolling over a traditional IRA to a Roth or making big withdrawals from tax - deferred retirement accounts.
And married people who file jointly, the income cutoff is $ 199,000.
The income cutoff for GIS is $ 16,368 for singles and $ 21,648 for senior couples, which sounds so low that you may not even bother applying.
There is no income cutoff to qualify for federal student loans.
«The legislation is in response to new guidelines released by the state's Office of Indigent Legal Defense that drastically increase the number of criminal defendants who would qualify for a free public defender by doubling the income cutoff from 125 percent of the federal poverty threshold to 250 percent.
However, Doob says the number of applicants is not necessarily relevant since many people don't bother applying for legal aid because of extremely low eligible - income cutoffs.
a b c d e f g h i j k l m n o p q r s t u v w x y z