Sentences with phrase «joint filers phases»

However, if one or both are active participants, tax deductibility for joint filers phases out at a modified adjusted gross income (MAGI) of $ 99,000 to $ 119,000 for a participating spouse and $ 186,000 to $ 196,000 for a nonparticipating spouse in 2017.

Not exact matches

Contributions to the Roth IRA phase out completely for single filers at an annual income of $ 133,000, and for joint filers at an annual income of $ 196,000.

The phase - out range for 2017 is $ 56,000 to $ 66,000 of MAGI for single filers and $ 112,000 to $ 132,000 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).

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.

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.

Phase - out limits for the Student Loan Interest tax deduction are unchanged for 2017 with it phasing out from $ 65,000 to $ 80,000 for individual taxpayers and from $ 130,000 to $ 160,000 for joint filers.

For 2018, the adjusted gross income amount that results in the credit phasing out begins at $ 200,000 for single, head of household, or married filing separate filers and $ 400,000 for joint filers.

And the phase out of the credit for joint filers starts at higher income levels in 2010, allowing more of them to claim the credit.

It now also covers the cost of books, and begins to phase out at $ 80,000 of Adjusted Gross Income for single filers and $ 160,000 for joint filers.

Yes, 2017 - 2018 contributions phase out between $ 95,000 - $ 110,000 for single tax filers and $ 190,000 - $ 220,000 for joint tax filers.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $ 125,000 and $ 135,000 for individual filers and between $ 250,000 and $ 260,000 for joint filers.

For unmarried filers, the contribution limit begins to phase out at $ 114,000 and is completely eliminated at $ 129,000, and for joint filers the contribution limit is eliminated as joint income moves from $ 181,000 to $ 191,000 (figures are for 2014).

In 2016, the interest deduction for student loans phases out for joint filers with MAGI between $ 130,000 and $ 160,000 and for single filers with MAGI between $ 65,000 and $ 80,000.

The contribution is phased out on a sliding scale for individual taxpayers with modified adjusted gross income between $ 120,000 - $ 135,000, and joint filers with modified adjusted gross income between $ 189,000 - $ 199,000 for 2018.

The deduction available to active participants in employer - sponsored retirement plans is phased out on a sliding scale for individual taxpayers with modified adjusted gross income between $ 63,000 - $ 73,000, and for joint filers with modified adjusted gross income between $ 101,000 - $ 121,000 for 2018.

For 2017, this tax break begins to phase out at $ 117,250 of modified adjusted gross income (MAGI) for married joint filers ($ 78,150 for single taxpayers).

However, eligibility to contribute to a Roth IRA phases out for joint filers with a MAGI of $ 186,000 to $ 196,000 in 2017 ($ 189,000 to $ 199,000 in 2018).

In 2012, phase - outs kick in at $ 173,000 for joint filers and $ 110,000 for single filers.

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.

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).