Sentences with phrase «joint agi»

If a married couple chooses the «Married Filing Jointly» tax status, the joint AGI reported on the joint tax return will be considered in calculating monthly student loan payments.

Just keep in mind that your contributions will become limited once your joint AGI reaches $ 166,000 and will be completely phased out once it reaches $ 176,000 (meaning you can not contribute to a Roth IRA).

When the couple's AGI reaches $ 150,000, deductibility for such contributions begins to decline, and it reaches zero at a joint AGI of $ 160,000.

With RePAYE, no matter how you file your taxes, the married joint AGI is what is taken into consideration.

If you're married and file a joint tax return, your monthly student loan payment is calculated on your joint AGI.

Even though our joint AGI, line 15 of 1040, will exceed the IRS annual limit for IRAs?

Not exact matches

A Delaware income tax return must be filed by any Delaware resident with a Delaware adjusted gross income (AGI) of $ 9,400 or more for single filers or married persons filing separately or $ 15,450 or more for joint filers.

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.

Joint filers with adjusted gross income over $ 62,000 can't grab this break, and neither can single filers whose AGI exceeds $ 31,000.

The personal exemption amount starts to phase out for individuals with $ 254,200 AGI (adjusted gross income) and married joint filers with $ 305,050 AGI.

For 2017, single filers with an AGI of $ 31,000 or more, head of household filers with AGI of $ 46,500 or more and joint filers with an AGI of $ 62,000 or more are ineligible to claim the credit.

It's great in theory and suitable for most folks, but if you make too much (AGI over $ 160,000 joint) funding a Roth is not an option.

If you're on the cusp of having your itemized deductions reduced (AGI exceeding $ 145,950 or so joint) then any incremental income will get you there that much faster.

To be eligible to contribute, your adjusted gross income (AGI) must be less than $ 95,000 if you're single - or $ 190,000 if you're married and filing a joint return.

This means that for couples filing a joint return and having an Adjusted Gross Income (AGI) of more than $ 188,000 but less than $ 198,000, the contribution amount of $ 5500 phases out.

You also need to file a joint return and have a combined AGI of less than $ 198,000.

If your adjusted gross income on a separate return is lower than it would have been on a joint return, you may be able to claim a larger amount for some deductions that are limited by your AGI, such as medical expenses.

These contributions can be deducted on the joint tax return up to a certain adjusted gross income (AGI) limit.

The deductibility of the spousal IRA begins to be phased out when your joint modified AGI reaches $ 166,000 and is completely phased out at a modified AGI of $ 176,000.

le a joint federal tax return with your spouse, your AGI includes both your income and your spouse's income.

Also, the tax situation has been improving — the Ocean State no longer taxes Social Security benefits for single filers with up to $ 80,000 in adjusted gross income and joint filers with up to $ 100,000 in AGI.

We all know federal taxes are poised to rise next year, but one little detail isn't getting enough publicity: the planned 3.8 % Medicare surtax scheduled to hit single / joint filers with AGIs over $ 200,000 / $ 250,000 will not apply to qualified payouts from Roth accounts.7

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.

In the case of a married couple filing a joint return where both spouses report a net business income, the maximum dollar amount applies separately to each spouse's net business income included in AGI, not to exceed a total of $ 100,000 (maximum $ 50,000 each).