Sentences with phrase «phase out for»

Tax credit begins to phase out for modified adjusted gross income (MAGI) over $ 125,000 (or $ 225,000 for joint filers).

-- Child tax credit: If you had a baby last year, or have children under 17, you can claim a $ 1,000 credit for each child, although this benefit starts to phase out for people once their incomes rise.

Families with incomes under $ 150,000 will be eligible for the full tax credit, which will gradually phase out for higher incomes.

These credits are subject to certain limitations, and the rehabilitation tax credit begins to phase out for married taxpayers filing jointly with adjusted gross income (AGI) greater than $ 200,000 ($ 100,000 if married filing separately) and is completely phased out when AGI reaches $ 250,000 ($ 125,000 if married filing separately).

The deduction amount begins to phase out for individuals with MAGIs of more than $ 65,000 and couples with more than $ 165,000.

But they could reduce the size of the deduction or phase it out for higher - income families.

In fact, certain countries around the world have already banned the use of hydrogenated oils in food manufacturing or at least set dates to phase them out for good.

«I realize getting the status quo is very difficult given the fiscal realities, but if there were a protection for people and if there was a phase out for a period of years that would at least provide some predictability for people.

18 - A (TED Part S) Executive Budget - In accordance with the recommendations of the New York State Tax relief Commission, Part S of the TED Article VII legislation, would reduce the Public Service Law § 18 - a (6) Temporary State Energy and Utility Service Conservation Assessment (Temporary Assessment) by a total of $ 200 million per year by eliminating the assessment on industrial utility customers and accelerate the phase out for all other customers.

The personal exemption amount starts to phase out for individuals with $ 254,200 AGI (adjusted gross income) and married joint filers with $ 305,050 AGI.

Be aware that this break is subject to limits: It begins to phase out for single filers with modified adjusted gross income over $ 65,000 ($ 135,000 for married filing jointly).

Meanwhile, personal and dependent exemptions are eliminated in favor of a larger standard deduction and child tax credit, both of which phase out for the highest earners.

Many preferences in the tax code phase out for high - income taxpayers — their value falls as income rises.

However, there are some limits: You can only contribute $ 2,000 per year per child, and eligibility starts to phase out for couples earning more than $ 190,000 a year ($ 95,000 for singles).

Worse yet, signatures have been phasing out for years.

For single and head - of - household taxpayers in that situation, the deduction is phased out for modified adjusted gross incomes between $ 63,000 and $ 73,000 for 2018.

Under Section 179 of the tax code, explains Brian McCuller, JD, CPA, «the expensing provision allows capital investments of up to $ 500,000 for certain property to be taken as an expense deduction — rather than being depreciated break — which was made permanent under the PATH Act passed at the end of 2015 — phases out for asset purchases above $ 2 million.»

However, this exemption phases out for high - income taxpayers.

According to the Tax Policy Center, in 2017 the credit starts phasing out for households earning $ 203,540 and cuts off completely for those with incomes of $ 243,540 and higher.

The deduction is also available to taxpayers below the age of 65 but it phases out for filers with income over $ 50,000 (for single filers) or $ 75,000 (for joint filers).

Tax laws are subject to change and the preferential tax treatment of municipal bond interest income may be revoked or phased out for investors at certain income levels.

The deduction is phased out for taxpayers with adjusted gross incomes of $ 60,000 to $ 75,000 (single filers) and $ 120,000 to $ 150,000 (married filing jointly).

However, the AOTC for 2017 is phased out for single filers between $ 80,000 of $ 90.000 of MAGI.

Because the AOTC is refundable and phases out for higher income individuals, its benefits are spread relatively evenly across taxpayer income levels.

Debuchy, as someone said earlier, needs to be phased out for Jenkinson to come back in.

The credits would begin phasing out for people who make more than $ 75,000 for individuals and $ 150,000 for households.

He guessed that «something like 50 %» would be phased out for failing to pass muster under three stringent criteria laid out by the IOM report.

In January the European Commission determined that the CDM should be phased out for at least the more advanced developing countries, which would instead be pressured to accept binding commitments to limit emissions.

Joelle Mcken, a Renewal director in District 17 making $ 141,765, was principal at PS 73 in Brownsville, Brooklyn, a school later phased out for abysmal performance.

The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified plug - in electric drive vehicles have been sold by that manufacturer for use in the United States.

The Mk V model that is currently being phased out for the new Mk VI car is powered by a 1.4 - liter TSI engine that uses both a supercharger and a turbocharger.

After the Arab oil embargo of 1973 and the 1979 fuel crises, a majority of American FR vehicles (station wagons, luxury sedans) were phased out for the FF layout — this trend would spawn the SUV / van conversion market.

The interim «solution,» restoring only the volume knob, is about to be phased out for a volume knob, a tuning knob, and eight actual buttons, while retaining the touch - screen effects.

The tax credit will be phased out for married couples with income of $ 150,000 to $ 170,000 and for other taxpayers who have income of $ 75,000 to $ 95,000.

The deduction is phased out for taxpayers with adjusted gross incomes of $ 60,000 to $ 75,000 (single filers) and $ 120,000 to $ 150,000 (married filing jointly).

So the deduction gets phased out for high income earners.

Eligibility to make annual contributions to a Roth IRA phases out for taxpayers with higher incomes.

Most taxpayers can take a deduction for tuition and related expenses reported on the 1098 - T, regardless of whether they itemize, although this deduction also phases out for higher - income taxpayers.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $ 125,000 and $ 135,000 for individual filers and between $ 250,000 and $ 260,000 for joint filers.

In 2016, the interest deduction for student loans phases out for joint filers with MAGI between $ 130,000 and $ 160,000 and for single filers with MAGI between $ 65,000 and $ 80,000.

Tax laws are subject to change and the preferential tax treatment of municipal bond interest income may be removed or phased out for investors at certain income levels.

Deductions phased out for taxpayers with adjusted gross incomes of $ 50,000 to $ 65,000 [single filers] and $ 100,000 to $ 130,000 [married filing jointly].

The credit phases out for individuals who earn above $ 125,000, up from $ 75,000.

The credit is completely phased out for AGIs of $ 90,000 if single and $ 180,000 if married filing jointly

The ability to contribute to a Coverdell ESA phases out for individual taxpayers with modified adjusted gross income (MAGI) above $ 95,000 and disappears completely for MAGI above $ 110,000.

Itemized deductions and exemptions aren't phased out for high income taxpayers for 2010.

In another situation, the adoption credit is phased out for AGIs between $ 174,730 and $ 214,730, and in the case I've been alerted to, the taxpayer loses $ 11,600 on the next $ 40,000 of income due to this phaseout.

However, eligibility to contribute to a Roth IRA phases out for joint filers with a MAGI of $ 186,000 to $ 196,000 in 2017 ($ 189,000 to $ 199,000 in 2018).

Thanks @dmertz... Unfortunately we've complete phased out for 2015.

We used to carry a size called T12; these are gradually being phased out for good ecological reasons.