Sentences with phrase «larger joint income»

If you apply jointly, the larger joint income allows you to qualify for all three mortgages, including the 15 - year.

Not exact matches

Even that $ 575 in monthly income is likely too generous, as a large segment of the public does not even know such a thing as an immediate annuity offering joint and survivor benefits exists.

Deductions that must exceed a certain percentage of income, such as medical or miscellaneous itemized deductions, might be too small to be deducted on a joint return but large enough for a deduction on a separate return.

Joint filers mostly receive higher income thresholds for certain taxes and deductions — this means they can earn a larger amount of income and potentially qualify for certain tax breaks.

The IRS gives joint filers one of the largest standard deductions each year, allowing them to deduct a significant amount of their income immediately.

If your adjusted gross income on a separate return is lower than it would have been on a joint return, you may be able to claim a larger amount for some deductions that are limited by your AGI, such as medical expenses.

When two people get married, if one person has a much larger income than the other, you might actually save a quite a bit of money on tax by filing a joint return.

If this so - called «injured spouse» is responsible for a large portion of the income on the return, the payment from the IRS is just as much as the joint payment, and can not be levied by the IRS.

Joint filers mostly receive higher income thresholds for certain taxes and deductions — this means they can earn a larger amount of income and potentially qualify for certain tax breaks.

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

Allow large private investors, such as pension funds, a chance to increase their own income streams by investing in retail real estate through joint ventures.

Many boomers are expected to struggle to afford their homes in retirement as they continue to face large mortgage burdens and a limited income, according to a report by the Harvard Joint Center for Housing Studies and the AARP Foundation.

The Effect of Housing Affordability on Families «The gravity of the situation for the large proportion of renters spending so much of their incomes on housing is plain,» said Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard, which publishes its report on the state of rental housing in the U.S. every other year.