Sentences with phrase «not joint filers»

Not exact matches

Joint filers with an income of $ 38,600 or less and single filers with incomes under $ 15,300 would not pay taxes.

But homeowners may exclude from taxable income up to $ 250,000 ($ 500,000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as their principal residence in two out of the preceding five years, and they generally may not have claimed the capital gains exclusion for the sale of another home during the previous two years.

Notably, the deduction only applies to «qualified business income» and can't be claimed by taxpayers in service businesses (excluding architecture and engineering) for single filers with taxable income above $ 157,500, and $ 315,000 for joint filers.

Standard deduction and personal exemptions: The plan would nearly double — but not quite — the current standard deduction of $ 6,350 for single filers to $ 12,000 and the $ 12,700 standard deduction for joint filers from $ 12,700 to $ 24,000.

In higher tax brackets, the earned income credit won't apply, anyway, but some of those other deductions could be highly beneficial for joint married filers as deductions play a role in reducing your overall annual earnings, also known as your adjusted gross income, or AGI.

Joint filers with adjusted gross income over $ 62,000 can't grab this break, and neither can single filers whose AGI exceeds $ 31,000.

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.

After reading it, my understanding is that Cap Gains + Qual Dividends will not be taxed under the 15 % income break - point (bracket) which is now the 12 % bracket $ 77,200 for joint filers.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

If you make more than $ 133,000 as a single filer or more than $ 196,000 as a joint filer, you can't contribute to one at all.

Anyone with earned income that doesn't exceed income limits of $ 133K for single filers and $ 196K for joint filers is eligible for a Roth IRA

Anyone with earned income that doesn't exceed income limits (under $ 110K for single filers and under $ 220K for joint filers) is eligible to contribute to a Coverdell ESA

Furthermore, single filers earning more than $ 54,500 a year and joint filers earning more than $ 109,000 aren't eligible for the deduction at all.

Married joint filers who don't itemize can claim a standard $ 12,700 versus $ 12,600 in 2016, while singles and married people filing separately can $ 6,350 instead of $ 6,300 a year earlier.

We all know federal taxes are poised to rise next year, but one little detail isn't getting enough publicity: the planned 3.8 % Medicare surtax scheduled to hit single / joint filers with AGIs over $ 200,000 / $ 250,000 will not apply to qualified payouts from Roth accounts.7

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.

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.

Hitachi Semiconductor America Inc. (San Jose, CA) 04/1995 — 01/2000 Staff Unix Administrator (1997 — 2000) • Supervised 3 administrators in the execution of all responsibilities related to Unix and network administration functions • Established data center and implemented SUN Enterprise E10000 Starfire Server with 2 - way HA cluster — 40 x CPU, 40 GB RAM, 1 TB Disk space with 8 system domains — running SAP and Oracle database • Led total re-design of local area network and installed 5 Cisco catalyst 5500 switch with ten VLANs to improve efficiency • Facilitated major file server upgrade, retiring a 200 GB Auspex server and replacing with 400 GB Netapp filer while ensuring the safe and complete transfer of all previous server data • Oversaw important release of Checkpoint firewall upgrade as well as developed VPN link to staff in China office • Created dedicated Unix engineering design environment for joint development project with partner including DNS, NIS, NFS, Firewall and Ntrigue server for NT 3.51 • Implemented Cisco dialup solution with RSA second factor authentication offering both an ISDN and Analog modem

TENNESSEE Like New Hampshire, residents of Tennessee do not pay income tax, but single and joint filers do pay a «hall tax» of 6 percent on interest and dividends.

One provision that did not change is related to the capital gain exclusion of up to $ 500,000 for joint filers ($ 250,000 for single filers) on the sale of a primary residence.