Sentences with phrase «joint incomes over»

Not exact matches

According to Congress's Joint Committee on Taxation, the Tax Cuts act, signed in December, will decrease expected revenues by a total of $ 1 trillion over the next 10 years, an average of $ 100 billion annually, even after any boost to growth and incomes from lower taxes.

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).

«If your modified adjusted gross income is over $ 65,000 for someone filing single or $ 135,000 for couples filing jointly, the deduction starts to phase out until it is completely eliminated at $ 80,000 for a single person or $ 165,000 for a joint return.»

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).

Accredited investors are those individuals whose net worth (or joint net worth with a spouse) exceeds $ 1 million, excluding primary residence; or those who had an income of over $ 200,000 ($ 300,000 with a spouse) in each of the last two years.

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 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.

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.

-- Lawyer - legislators would be required to disclose and provide an explanation of any source of income over $ 1,000 in forms filed annually with the state's Joint Commission on Public Ethics.

If you're married and filing a joint return, then 50 percent of your benefits are included in taxable income if your combined income is greater than $ 32,000; the percentage rises to 85 percent if combined income is over $ 44,000.

As of this year, over 11 million Americans spend over half of their income on rent, according to the annual State of the Nation's Housing Report from the Joint Center for Housing Studies of Harvard University.

That means, if you are over 21, live with someone and have joint finances — or can access his or her money if necessary — then you can count his or her income on the credit card application.

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.

IRA deductions: If your combined earned income for the tax year is less than $ 10,000 on a joint return ($ 1, 000 additional for each spouse, if over the age 49), you can not use this system.

The new LV = branded joint venture will be the UK's third largest personal insurer with over # 1.7 billion annual premium income.

The joint venture is expected to generate approximately $ 55 million of net operating income over the next 12 months.

The total number of cost - burdened households — those spending over 30 percent of their income on housing — increased to 39.8 million in 2014, according to «The State of Nation's Housing 2016» report recently released by Harvard University's Joint Center for Housing Studies.

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).