Sentences with phrase «other nontaxable»

$ 5,000 or more of nontaxable social security of other nontaxable pensions, annuities, or disability income

$ 5,000 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income

You have to subtract any scholarships, educational assistance, or other nontaxable income spent for educational purposes (other than gifts or inheritances).

Be sure to consider everything you own, including the value of your retirement funds, pension, and other nontaxable assets.

We define ECI to be adjusted gross income (AGI) plus: above - the - line adjustments (e.g., IRA deductions, student loan interest, self - employed health insurance deduction, etc.), employer paid health insurance and other nontaxable fringe benefits, employee and employer contributions to tax deferred retirement savings plans, tax - exempt interest, nontaxable Social Security benefits, nontaxable pension and retirement income, accruals within defined benefit pension plans, inside buildup within defined contribution retirement accounts, cash and cash - like (e.g., SNAP) transfer income, employer's share of payroll taxes, and imputed corporate income tax liability.

Not exact matches

However, if you get back all of your cost (or other basis), you must report future nontaxable distributions as capital gains even though Form 1099 - DIV shows them as nontaxable.

If you file a federal tax return as an individual and your «combined income» — calculated by adding one - half of your Social Security benefit to other income, including nontaxable interest income — is between $ 25,000 and $ 34,000, up to 50 percent of your benefits may be considered taxable.

A plan can allow a hardship withdrawal only after the employee has exhausted all other distributions or nontaxable loans available under the plan.

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.