Sentences with phrase «more nontaxable»
They allow employees to reduce their salaries for one or more nontaxable benefits.
https://www.hrblock.com/ Not exact matches
Refer to Publication 525, Taxable and Nontaxable Income, for more information about elective deferrals.
You'll find more information in IRS Publication 525, «Taxable and Nontaxable Income.»
If you convert only part of your traditional IRA, or if you have more than one traditional IRA and don't convert all of them, then the nontaxable part of your conversion distribution will be determined by a formula where the nontaxable percentage is the amount of your total nondeductible contributions (less any nontaxable distributions you previously received) divided by the total balance of all of your traditional IRAs.
If you've made nondeductible contributions to one or more regular IRAs, then the conversion will be at least partly nontaxable.
Q: How do I determine how much of my distribution is nontaxable if I made nondeductible contributions to one or more of my traditional IRAs?
$ 5,000 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income
Find more information on nontaxable employer - provided educational assistance in IRS Publication 970 - Tax Benefits for Education.
$ 5,000 or more of nontaxable social security of other nontaxable pensions, annuities, or disability income
See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
A portion of your Social Security benefits will be taxable if your income — such as from freelance work, a taxable pension and IRA withdrawals, or nontaxable interest — plus half of your Social Security benefits add up to more than $ 25,000 if single or $ 32,000 if married filing jointly (see Calculating Taxes on Social Security Benefits for more information).
Instead, they are more like a return of investment and are generally treated for tax and other purposes as a nontaxable return of prior overpayment of premiums.
See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.
In October, the city council of Inglewood, Calif., passed a measure that prohibits stores larger than 155,000 sq. ft. and devotes more than 20,000 sq. ft. to nontaxable goods, within municipal bounds.