Sentences with phrase «other tax benefits»

While a taxpayer can not deduct those costs as a job search expense, there are other tax benefits for their educational costs.

You do receive other tax benefits as a homeowner, but they are not related to homeowners insurance.

You do receive other tax benefits as a homeowner, but they are not related to homeowners insurance.

Please contact your income tax advisor information about this and other tax benefit details.

There are also other tax benefits that are available to some corporations, including insurance premium deductions, deferred tax payments and income splitting.

You may also be entitled to other tax benefits based on your city or state, which can be discussed with an accountant.

This alone is a significant benefit, but there are other tax benefits as well.

Since AGI is used as a measuring stick for many other tax benefits, reducing AGI even by a little can help a lot.

Credits for education expenses have the same advantages and, unlike a number of other tax benefits, are amply justified improvements on a tax - funded government education monopoly.

ATRA extends numerous other tax benefits categorized as business tax extenders or energy tax extenders.

And the effective tax rate can be even higher, because capital gain can cause a reduction in other tax benefits, such as itemized deductions.

Current tax benefits — The income you report at the time of conversion could push you into a higher tax bracket, excluding you from other tax benefits, such as child and higher education tax credits.

Also, if you're a risk - averse individual who maximized other tax benefiting investments like Roth IRA or 401k and are now looking to use life insurance to get tax - deferred growth a whole life may work.

It's easy to take the mortgage interest deduction, 1031 exchanges, and other tax benefits for granted, but we can't; the continuing talk in Congress about cutting back incentives for real estate keeps us vigilant.

A majority of Americans understand the death benefit of a life insurance policy, but most are unclear about the many other tax benefits, particularly with permanent life insurance.

Because these deductions reduce your AGI, they could also increase a multitude of other tax benefits that are «phased out» or disallowed altogether based on your AGI, or a «modified» AGI, and could also reduce the amount of taxable Social Security or Railroad Retirement benefits.

Your loans and education expenses can lower your tax liability when you file your return thanks to the student loan tax deduction and other tax benefits.

It does not take into account state or local taxes, fees, or expenses, or the net gain's potential impact on adjusted gross income, which could impact exemption and deduction phaseouts and eligibility for other tax benefits.

You mentioned three of the five ways that investment property pays you back: cash flow, appreciation, and depreciation / other tax benefits.

A hybrid dividend is an amount received from a CFC for which a deduction would be allowed under this provision and for which the specified 10 % - owned foreign corporation received a deduction (or other tax benefit) from any income, war profits, and excess profits taxes imposed by a foreign country.

There are several different ways to make money on residential real estate — amortization (tenant paying down the mortgage, which increases your equity in the property over time), depreciation / other tax benefits, appreciation, and cash flow / income.

Other deduction opportunities: Because Traditional IRA contributions lower taxable income, they can push an IRA owner's below certain thresholds, making them eligible for other tax benefits.

With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit — but no other tax benefits associated with the child.

This credit is in addition to the other tax benefits for saving in a retirement account.

The main advantage of this tax credit is that it does not have the same restrictions as other tax benefits.

It doesn't take into consideration some of the other benefits of rental property ownership, including appreciation, loan paydown, depreciation and other tax benefits.

Owning your own home offers several home tax deductions, tax credits and other tax benefits that you do not get as a renter.

Your standard deduction may be higher, and you may qualify for other tax benefits that do not apply to the other filing statuses.

A majority of Americans understand the death benefit of a life insurance policy, but most are unclear about the many other tax benefits, particularly with permanent life insurance.

Yes, if you are married filing separate, the spouse who claims the child as a dependent will also claim all the other tax benefits associated with the child.

You also are building equity by having the tenants pay the note on top of the depreciation and other tax benefits.