Sentences with phrase «kind of tax savings»

Not exact matches

To hedge their bets, McMahon said lawmakers are also proposing a kind of savings account, made up of any of the extra sales tax revenue from the amphitheater, to cover any lean years at the casino.

The study by the scientists is one of the first to come up with real estimates of the health benefits and cost savings of this kind of a soda tax.

Since then, another 28 state legislatures have passed some kind of voucher program, tax credit, education savings account, or other intervention that provides government aid to students attending private schools.

The savings to tax payers alone as schools transition to digital — especially in communities which leverage students» own device purchases in order to avoid buying and insuring costly hardware — should serve as enough of an incentive to help foster more deals of this kind.

These allow you to put money into various kinds of investments (savings account, bonds, stocks, ETFs, mutual funds) and you don't pay any tax on the capital gains, dividends or interest.

Once you determine the specifics of your tax liability, your eligibility, and which type of retirement account is appropriate for your circumstances, there is one critical element you need to be able to participate: liquid assets (as in the kind you would keep available in an online savings account).

Canada offers all kinds of tax credits that can reduce your bill — each one doesn't offer huge savings, but their value can add up.

The main benefit compared to a normal investment account or high - interest savings account is that there are no taxes on any kind of income within the account.

There's no downside and all kinds of upside to the Tax Free Savings Account.

This kind of emergency money is typically invested in highly liquid vehicles such as savings accounts or money market accounts, and is kept outside of tax - advantaged retirement savings so you could tap into it without penalty.

NS&I offers several different kinds of savings accounts, some of which are tax - free, as well as Premium Bonds, which rather than paying interest, give savers with the opportunity to win tax - free monthly prizes.

Usually this kind of settlement comes with certain tax advantages for the recipient and a savings for the payer.

Investment plans, otherwise known as college savings plans, are far more common and are the kind of 529 we've discussed thus far: You simply make after - tax contributions to an investment account, then withdraw these contributions and their earnings tax - free for qualified educational expenses when the time comes.

There are two kinds of income tax benefits available to individuals with respect to long term savings being made in Life Insurance policies:

Don't have any kind of knowledge of insurance and Investments and tax savings.

Without allowing their money to stale in fixed deposits investors can have better benefits and tax savings through this kind of mutual fund option.