Sentences with phrase «one's reduced income»

A tax credit reduces your income taxes by the full amount of the credit.

Advocates said the expansion would help reduce income inequality.

Your taxable income is important because this is the final number you calculate after reducing your income by the various deductions, exemptions, and exclusions you qualify for.

During times of reduced income that do not result in unemployment, financial counseling will be provided to help homeowners shift the terms in their loan plan to accommodate their new income level.

Are you prepared to live on reduced income until your retirement claim is processed?

In any event, depreciation is a useful tool for reducing income generated on an investment property without any impact to actual cash flow.

Unfortunately, it wouldn't reduce your income in the eyes of the American government — you have to pay American income tax even if your paycheck comes from a Canadian company.

Also consider taxes that reduce the income from savings, but allow no relief from the debt's interest.

A similar point applies to those planning to retire with reduced income.

The term climate engineering (CE) specifically describes large - scale technical methods that can be used to reduce the concentration of CO2 in the atmospheric or to reduce incoming solar radiation.

For example, it is likely that poorer farmers would get hit much harder by a climate change catastrophe — such as a drought or flooding — thereby significantly reducing their income.

This ally will stay by your side on your travels and grant you bonus energy regeneration while reducing incoming damage you take from enemies by 20 %!

As long as they are suitable for your situation, these tax - advantaged investing strategies could be used to help reduce your income tax liability.

Unfortunately, some parents attempt to reduce their income after getting divorced to reduce their child support obligations.

Those costs include reduced income during parental leave, necessities like food and diapers, as well as future education savings.

Through a planned gift, you may be able to increase your current income or provide additional retirement income while reducing your income tax and estate taxes.

You then get the $ 2,000 pension credit which reduces income taxes payable.

However, they can not reduce your income tax liability to less than zero.

Consider, too, that you'll no longer have to save for retirement — you'll be in retirement — so you can reduce your income needs by the amount you're saving.

In all cases, the depreciation deduction reduces the income generated by the property, and ultimately, reduces the amount of taxes that an investor would have to pay on such income.

It is our objective to provide you with a tenant screening service that will minimize your risk of fraud and reduce income loss associated with delinquent tenants.

Normally, a tax deduction is all about reducing your income.

Our contributions to retirement accounts reduce our income before we even get to tax time.

This further reduces the income benefit of leverage to the common shareholder, while retaining the additional volatility.

And note that reduced income disparity in general would make these issues much less but we're going the wrong direction on that front..

If one parent plans to stay home, you'll need to reduce your income when building your budget.

This means reducing the income that will be subject to federal and state taxes, leaving more of your hard - earned money in your pocket.

I am more and more concerned about the way advertisers and the food industry promote low nutritional food items for reduced income families.

Many dads express serious frustrations with the child support system when they find themselves unemployed and with drastically reduced income.

The evidence is that choice among government schools reduced income segregation.

The reason is that a credit reduces your tax while a deduction only reduces your income.

Because credits directly reduce taxes while exemptions reduce the income you're taxed on, families with young children will generally come out ahead.

Hiring will simply reduce your income, and that's probably not what you're trying to accomplish.

If it does reduce incoming infrared radiation, by what amount does it reduce it?

Do you believe that they have intentionally reduced their income to reduce the amount of support they're required to pay?

This recent article seems to imply that law schools have reduced their incoming class size because of the employment issues faced by recent graduates.

A disability will usually reduce income, and life insurance is often one of the expenses that people will cut first, even though it is important to own.

You should not use losses to reduce income below your non-refundable tax credits.

But this doesn't in any way reduce the income you earned last year, so there's no reason why it should reduce last year's taxes.

Back in 2012, he complained to an employment tribunal that he had suffered reduced income as a result of taking holiday.

Finally, poor property selection may have to do with the property's condition which may result in high maintenance and operating costs, thereby reducing the income return to the investor.

There are multiple benefits to doing this, one being that higher contributions reduce income tax.

I would however eventually like to have more freedom to experiment with different business ideas, and writing, which would likely mean severely reduced income.

Any expenses for the trade activity should be deductible to reduce the income gained from that trade activity.

By making those transfers, you might simultaneously reduce both your income and your ultimate estate tax exposure.

Considering the fact that she was living on a recently reduced income, she still couldn't let go of the prestige of a Japanese car.