Sentences with phrase «joint incomes under»

GIS is currently available to Canadians earning less than $ 17,784 per year, and for couples with joint incomes under $ 23,520 (if your spouse / common - law partner receives the full Old Age Security pension).

Not exact matches

Joint filers with an income of $ 38,600 or less and single filers with incomes under $ 15,300 would not pay taxes.

According to a 2010 report by the Joint Committee on Taxation, the official scorekeeper for Congress, about 3 percent of people who report business income would face a tax increase under Obama's plan.

Also, the claimant must have total income under $ 56,000 as a single filers, $ 70,000 as a head of household or $ 84,000 for joint filers.

It finally turned to the joint and several liability rule under the Income Tax Act, which says that upon the death of the annuitant of a RRIF, the annuitant (or the annuitant's estate) and any recipient of RRIF proceeds are «jointly and severally liable to pay a part of the annuitant's tax» on the RRIF for the year of the annuitant's death.

Sam and Judy also have two children under age 17, but their joint income is $ 130,000, meaning they will lose some of their child tax credit.

Your income has to be under $ 90,000 ($ 180,000 on a joint return) to receive a credit.

After reading it, my understanding is that Cap Gains + Qual Dividends will not be taxed under the 15 % income break - point (bracket) which is now the 12 % bracket $ 77,200 for joint filers.

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

In order for a couple to file under the Joint Filing case, their modified adjusted gross income (MAGI) must not exceed $ 150,000.

Must have MAGI (Modified Adjusted Gross Income) under certain thresholds (see «Single Filers» or «Joint Filers» for additional information).

Anyone with earned income that doesn't exceed income limits (under $ 110K for single filers and under $ 220K for joint filers) is eligible to contribute to a Coverdell ESA

Although only Direct Loans may be repaid under Pay As You Earn, your (and, if you are married and file a joint federal tax return, your spouse's) eligible FFEL Program loans will also be taken into account when determining whether you qualify for Pay As You Earn based on the amount of your federal student loan debt relative to your income.

The deduction on principal repayments inclusive of stamp duty and registration fees is Rs 1,50,000 for each joint owner, under section 80C of the Income Tax Act.

Under IBR, borrowers who file joint income tax returns with their spouses have payments generally determined by the income of the two spouses.

Under the new law, what matters is the joint income of the two parents as well as the total parenting time.

You can set up a traditional IRA at any time and make contributions as long as you were under age 70 1/2 at the end of the tax year, and you (or your spouse, if you file joint return) received taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self - employment.

Under this HDFC pension plan, on vesting, the policyholder can purchase a joint life annuity from the company guaranteeing regular income till the policyholder or his spouse is alive.