Sentences with phrase «particular tax year»

Taxpayers are not required to file for the deduction in a particular tax year as long as they don't exceed the four - year limit.

You will only be taxed on the required loan repayment portion that's due in that particular tax year — calculated as 1 / 15th of the original loan amount.

Employer plan coverage for a particular tax year depends upon whether or not an employer (or employers) whom your worked for in that tax year offered a defined contribution plan or a defined benefit plan, including any self - employment plans.

If the tax debt for a particular tax year is not paid off before the date the IRS can no longer legally collect (aka CSED date), the debt falls off.

Qualifying relatives can't have income that is greater than the exemption amount for any particular tax year.

Is the general exclusion amount allowed for a particular tax year or the actual amount of net adjusted capital gains, whichever is less.

[20] I am satisfied that, where an income loss can be attributed to a particular tax year or years, the language of ss.

The deduction depends on what tax bracket you would have otherwise fit into for that particular tax year.