Sentences with phrase «of taxpayers claim»

About two - thirds of taxpayers claim the standard deduction (figure 1).

According to the most recent IRS analysis of individual tax returns, 70.4 % of taxpayers claim the standard deduction on their tax return.

According to the most recent IRS analysis of individual tax returns, 70.4 % of taxpayers claimed the standard deduction on their tax return.

Seventy percent of the taxpayers claiming this deduction are estimated to have adjusted gross income (AGI) between $ 50,000 and $ 200,000.

Not exact matches

ICAA chief executive Stephen Harrison said the cost of defective administration should be borne by taxpayers and the decision - making process for defective administration claims should be more transparent.

However, most donors don't take a deduction for their charitable contributions: Federal data show that in 2016, taxpayers claimed $ 57.55 billion for their donations, with most of the deductions going to higher earners.

«The qualified charitable distribution enables a taxpayer to claim the standard deduction and still get the charitable deduction,» said Slott of Ed Slott & Co. «If you qualify, it's the only way you should give to charity.»

The First - Time Donor's Super Credit will increase the value of the existing tax credit by 25 % on cash donations of up to $ 1,000 if neither the taxpayer nor their spouse has claimed the credit since 2007.

Beginning with the auto bailout, which the administration now claims cost taxpayers $ 9.3 billion but saved more than a million jobs, Obama doubled down on his commitment to manufacturing, setting a goal of doubling American exports between 2009 and 2014.

There is a new limit for the amount of farming losses a taxpayer can claim in a year.

Between 2010 and 2012, taxpayers in the Peach State claimed about 36 % of all federal tax deductions for easements — despite having only 2.5 % of the nation's land under easement, according to a May 2017 report that Looney, the former Treasury official, published for the Brookings Institution, where he's now a senior fellow in economic studies.

In determining a taxpayer's eligibility to claim a dependency exemption, these proposed regulations change the IRS's position regarding the adjusted gross income of a taxpayer filing a joint return for purposes of the tiebreaker rules and the source of support of certain payments that originated as governmental payments.

These provisions allow taxpayers to claim deductions for costs of earning income before the costs are incurred.

Although most high - income taxpayers claim a SALT deduction, the federal individual alternative minimum tax (AMT) limits or eliminates the benefit for many of them.

Personal exemptions: Currently, a taxpayer is entitled to claim a personal exemption of $ 4,050 for himself or herself, a spouse and each qualified dependent.

Taxpayers can lower their tax burden and the amount of taxes they owe by claiming exemptions, deductions and credits.

Combined with other proposed tax law changes, many more taxpayers will be claiming the standard deduction in lieu of itemizing deductions.

«If you're looking at the scorecard, there's one for three senators that returned money to the taxpayers of Canada that was improperly claimed,» MacDougall said, adding that «the overarching imperative was to get that money returned, as it now has been returned.»

The 1040A Form is available to taxpayers of any age and any filing status, however, you can not itemize your deductions and the types of tax credits you can claim are limited.

John McCain of Arizona, who is the panel's senior Republican, said: «Apple claims to be the largest U.S. corporate taxpayer, but by sheer size and scale, it is also among America's largest tax avoiders.»

In Georgia, taxpayers can claim a standard deduction of $ 2,300 for single filers and $ 3,000 for joint filers.

Income from retirement savings accounts and public pensions is taxed, but taxpayers over the age of 64 can claim a deduction against it.

Otherwise, taxpayers can claim the Kansas standard deduction, which is $ 3,000 for single filers, $ 7,500 for joint filers, $ 3,750 for married persons filing separately and $ 5,500 for heads of household.

As a result, if all these provisions are enacted, more taxpayers would be claiming the standard deduction in lieu of itemizing deductions.

A progressive tax claims a proportionately larger share of income from higher - income than from lower - income taxpayers.

Currently, a taxpayer may claim one of two education credits — the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit (LLC)-- for qualified expenses.

to settle claims brought by the Department of Justice that it had bilked taxpayers out of mortgage insurance through fraudulent foreclosures.

In May, the company paid $ 89 million to settle claims brought by the Department of Justice that it had bilked taxpayers out of mortgage insurance through fraudulent foreclosures.

In addition, many upper - middle - income taxpayers who face the Alternative Minimum Tax — a higher tax than their regular income tax — will not be able to claim deductions that may be allowed on a regular tax return, according to tax analyst Mark Luscombe of CCH, part of Wolters Kluwer.

Overall, the total number of taxpayers who actually claim the deduction is expected to drop considerably this year.

The first paper, authored by economists at the Investment Company Institute and the IRS, used data from a large sample of taxpayers to examine what happened to individuals» inflation - adjusted disposable income up to three years after they claim Social Security retirement benefits.

An individual who is physically or mentally incapable of self - care, lived with you for more than half of the year, and either: (i) is your dependent; or (ii) could have been your dependent except that he or she has gross income that equals or exceeds the exemption amount, or files a joint return, or you (or your spouse, if filing jointly) could have been claimed as a dependent on another taxpayer's 2015 return.»

By selecting yes you are confirming that you are a UK taxpayer and understand that if you pay less Income Tax and / or Capital Gains Tax than the amount of Gift Aid claimed on all your donations in that tax year it is your responsibility to pay any difference.

'' Premier Christy Clark claimed that the AGLG would help local taxpayers, but this survey shows that AGLG audits cost municipalities an average of more than $ 12,000 for little or no results,» said NDP local government spokesperson Selina Robinson.

The limitation on itemized deductions (sometimes called «Pease» after the Ohio congressman who proposed it) reduces deductions for high - income taxpayers by 3 percent of the amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of deductions claimed.

J.W There are many deductions you can not take if you file married filling separate: Student loan interest deduction,Tax - free exclusion of US bond interest, Tax - free exclusion of Social Security Benefits, Credit for the Elderly and Disabled, Child and Dependent Care Credit, Earned Income Credit, Hope or Lifetime Learning Educational Credits, MFS taxpayers also have lower income phase - out ranges for the IRA deduction Also both claim the standard deduction or both itemize their deductions Big problem is tax liability goes to both husband and wife

He has chosen to come out of the «Christian Closet» in a backwards Islamic country, now let him be the Jesus he claims to follow, and not cost the US taxpayers the check for the War Industry and Halliburton for an endless war.

I confirm I am a UK taxpayer and understand that if I pay less Income Tax and / or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference.

Over the past week, things have gone downhill quickly for both Lopez, who announced he won't be seeking re-election as Brooklyn Democratic chairman, but has refused to heed calls to resign his Assembly seat; and Silver, who was revealed to have negotiated a secret settlement of $ 103,000 worth of taxpayer cash with two women whose harassment claims against Lopez pre-dated those sent to the ethics committee.

A Democratic Senate staffer irate over the GOP's claim of censorship at the hands of the majority when it comes to taxpayer - funded mail sent this photo of a piece recently dropped on behalf of Sen. Ken LaValle.

The NYT reported that Silver had used an undisclosed amount of taxpayer cash to settle a claim made against Lopez before these two staffers» complaints were referred to the ethics committee.

«Since 2007, the New York's False Claims Act in 2007 has helped recover hundreds of millions of dollars in stolen funds for taxpayers.

«Bill Larkin and John Bonacic should be ashamed of themselves for bilking taxpayers out of hundreds of thousands of dollars by claiming both a regular salary and pension at the same time,» Orange County Democratic Chairman Brett Broge said.

Eliot Spitzer and current executive director of the nonprofit Union Settlement, says prohibiting the use of taxpayer dollars to settle sexual harassment claims brought against government employees, as Cuomo has proposed, is probably illegal and also bad policy.

Current proposals will prove unworkable if the coalition presses ahead with them, she claimed, warning that the extent of future defaults has been underestimated and suggesting taxpayers will pay far more than the savings achieved «for many years to come».

The taxpayers of New York have coughed up nearly $ 5 million to settle sex harassment claims filed by city workers against city employees over the last five years, the de Blasio administration revealed.

On the day Sen. John DeFrancisco (R - Syracuse) announced his candidacy and called Cuomo «no friend of the taxpayer,» Cuomo spokesman Rich Azzopardi criticized not the substance of the claim, but the senator's personal appearance, saying on Twitter Tuesday: «That statement is about as real as his hairline.»

Reached Wednesday for a follow - up question, Azzopardi didn't address the criticism, but said he was reacting to DeFrancisco's claim that Cuomo was «no friend of the taxpayer.»

Rep. Blake Farenthold used taxpayer money to settle a sexual harassment claim brought by his former spokesman — the only known sitting member of Congress to have used a little - known congressional account to pay an accuser, people familiar with the matter told POLITICO.

Cuomo's office also released analysis claiming the elimination of the deduction would cost New York taxpayers $ 5,300 more in federal income tax on average.