Sentences with phrase «joint return filers»

In 2017 through 2019, the threshold is $ 85,000 for individual tax return filers and $ 170,000 for joint return filers.

Not exact matches

(Sec. 11021) This section temporarily increases the standard deduction to $ 24,000 for married individuals filing a joint return, to $ 18,000 for head - of - household filers, and to $ 12,000 for all other taxpayers.

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.

The thresholds are $ 110,000 for those filing married, joint returns, $ 75,000 for single filers, and $ 55,000 for those filing as married, separate.

There are phaseout income limits that apply to «professional services» business owners such as lawyers, doctors, and consultants, which are set at $ 157,500 for single filers and $ 315,000 for pass - through business owners who file a joint return.

Unless the total amount given to any one person in any one year exceeds what is called the annual exclusion (currently $ 13,000 for single tax filers and $ 26,000 for married joint filers who choose to split the gift), it does not count as a taxable gift or require a gift tax return to be filed.

Ms Brown writes «Unless the total amount given to any one person in any one year exceeds what is called the annual exclusion (currently $ 13,000 for single tax filers and $ 26,000 for married joint filers who choose to split the gift), it does not count as a taxable gift or require a gift tax return to be filed.

The Internal Revenue Service allows married tax filers to choose between filing separate or joint tax returns.

However, choosing to file separate returns has drawbacks, such as losing credits available to joint filers, that you must weigh to maximize your refund potential.

Contributions are deductible for Michigan income tax purposes up to $ 5,000 per year for a single income tax return filer and $ 10,000 per year for joint filers.

Net contributions by a taxpayer who does not claim the Minnesota tax credit for contributions are deductible for Minnesota income tax purposes each year up to $ 3,000 for joint income tax return filers and $ 1,500 for all other filers.

The 1040EZ is a simplified version of the 1040 that consists of only six sections known as the «Income Tax Return for Single and Joint Filers With No Dependents.»

It's now $ 24,000 for married individuals filing a joint return, $ 18,000 for head - of - household filers, and $ 12,000 for all others, indexed for inflation starting next year.

In 2016, you can invest up to $ 5,500 in a Roth IRA so long as you don't earn more than $ 132,000 if you're a single filer or $ 194,000 if you're filing a joint tax return.

Now it gets more intriguing: To simplify the tax system and wean more taxpayers from itemizing deductions on Schedule A of their returns, the Trump plan would boost the standard deduction for joint filers to $ 30,000 (up from the current $ 12,600) and raise it to $ 15,000 for single filers, instead of $ 6,300 at present.

The House bill went beyond this by limiting the exclusion to those with incomes of less than $ 250,000 (for singles filers) and $ 500,000 for joint returns (subject to a phaseout).