Sentences with phrase «mandatory federal income»

For instance, to avoid a mandatory Federal income tax withholding, investors with a qualified retirement plan such as a 401 (k) should make sure that a «direct» rollover option is available before consolidating.

Not exact matches

The 2015 federal budget's reduction of the mandatory minimum withdrawals from registered retirement income funds (RRIFs) and similar tax - deferred accounts will reduce the risk that many Canadians will outlive their savings.

As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programs.

Child care expenses and the needs of low - income families with children are also addressed by a number of direct federal programs that are funded through line item discretionary or mandatory budgets.

All withdrawals are subject to a mandatory 20 % federal income tax withholding, unless the funds are transferred directly to a traditional IRA.

Death benefits will typically pass income tax - free to heirs, which can help in funding mandatory federal estate taxes.

After the court has determined gross income, the next step typically involves taking deductions for state, local or federal income taxes paid, as well as mandatory union dues and taxes paid on unemployment, social security, or medicare benefits.

California has a law which sets the child support amount based on your and your spouse's (or other parent's income, if you're not married) incomes after federal taxes, state taxes, social security, and other mandatory deductions along with the amount of time you each spend with your children.

California has a law which sets the child support amount based on your and your spouse's (or other parent's income, if you're not married) incomes after federal taxes, state taxes, social security, and other mandatory deductions.

The 17 lawmakers say in the suit that General Services Administration Acting Administrator Timothy Horne has refused to comply with mandatory requests for documents, including unredacted monthly income statements for the hotel, which is in a former post office owned by the federal government.