Sentences with phrase «joint filers over»

Not exact matches

The deduction is also available to taxpayers below the age of 65 but it phases out for filers with income over $ 50,000 (for single filers) or $ 75,000 (for joint filers).

The sum of the basic and child credits was reduced by 5 percent of the tax filer's adjusted gross income over $ 75,000 ($ 150,000 for joint filers).

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 tax cut was among the final additions to the budget, which will be spread out over eight years and impact joint filers earning under $ 300,000.

Meanwhile, Senate Republicans were also able to include a $ 1 billion tax cut, spread out over eight years, for joint filers earning $ 300,000 and less.

The wage increase comes along with a $ 1 billion income tax cut for joint filers earning less than $ 300,000 spread out over eight years.

UPDATE: Liz adds, for clarity: To be clear, the state already has five tax brackets with a top rate of 6.85 percent that kicks in for joint filers with taxable incomes over $ 40,000.

The budget does include a $ 1 billion tax rate cut phased in over eight years that impacts joint filers earning less than $ 300,000 — a win for Senate Republicans.

Senate Republicans continue to raise concerns with a $ 15 minimum wage, even as Cuomo says a $ 1 billion income tax cut for joint filers earning $ 300,000 is on the table and the wage increase itself would be phased in over time periods across the state.

A framework of an agreement on the state budget is in place that would increase New York's minimum wage to $ 15 over a number of years in different regions while also providing a $ 1 billion tax cut for joint filers earning under $ 300,000, Gov. Andrew Cuomo said this afternoon.

Starting in 2013, the Additional Medicare tax of 0.9 percent was implemented for single earning over $ 200,000 and joint filers earning over $ 250,000.

This is an important year for joint filers with incomes over $ 250,000 and single filers with incomes over $ 200,000.

The rules for accredited investors is subject to change in the future, but for now, you must have a net worth of over $ 1,000,000 (excluding primary home equity) or annual income above $ 200,000 (single tax filer) or $ 300,000 (joint tax filers).

The top rate applies to taxable income over $ 85,750 for single filers and $ 141,200 for joint filers.

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

If business owners make over these income levels, the 20 percent deduction is phased out over a range of $ 50,000 for single filers and $ 100,000 for joint filers.

Tax credit begins to phase out for modified adjusted gross income (MAGI) over $ 125,000 (or $ 225,000 for joint filers).

The deduction is also available to taxpayers below the age of 65 but it phases out for filers with income over $ 50,000 (for single filers) or $ 75,000 (for joint filers).