Sentences with word «phaseout»

The word "phaseout" means gradually getting rid of or discontinuing something over time. Full definition
(One of the reactors, Barsebäck 1, has been shut down as part of Sweden?s phaseout of nuclear power, but decommissioning of the remaining 12 has stalled because no cost - effective substitutes have been found.)
There are income phaseouts for this tax deduction, though.
What's worse, as it's laid out, the nuclear phaseout portion of Sanders» plan reduces the plan's chances of eventually becoming law.
It also raises the adjusted gross income phaseout threshold, starting at the adjusted gross income of $ 400,000 for joint filers and $ 200,000 for all others.
The personal exemption phaseout begins to apply at the same income levels as the Pease rule.
[9] At this income level, Bobbie and Emil's itemized deductions are reduced by 3 % of the excess of their AGI ($ 445,000) over the 2018 phaseout threshold of $ 320,000, or by $ 3,750.
Also note there is a IRA deduction phaseout for those who are active participants in an employer - sponsored retirement plan, which are the following:
For one, the new law eliminates the Pease phaseout on itemized deductions for taxpayers with high AGIs from 2018 to 2025.
Note, too, that capital gains in some cases face an effective tax rates above the 23.8 percent statutory rate because of phaseouts in the tax code.
For example, assuming you file «married filing jointly», then the deduction phaseout begins at $ 98,000 of modified adjusted gross income (AGI) and the deduction is eliminated if modified AGI is over $ 118,000.
A surcharge on utility bills called the 18 - a assessment was enacted as a temporary measure in 2009, renewed, and then scheduled for phaseout by 2017.
Trudeau had recommitted Canada to the UN's international climate action process in Paris, brokered a deal with all 12 provinces and territories to put a price on carbon, and introduced a nationwide phaseout plan for coal - fired power.
Hurst estimates that even with phaseouts of those chemicals, the arctic ozone layer won't recover to its 1980 levels until at least 2050.
For married couples, phaseout starts at $ 189,000 and they are ineligible at $ 199,000.
«You don't even need to believe in climate change and carbon and all that stuff,» says Keller, who supports a mandatory 10 - to 15 - year phaseout of fossil - fuel imports.
Previous: A third federal judge rules against DACA phaseout, but goes further than two previous judges
City officials achieved an almost complete phaseout of ozone - depleting hydrochlorofluorocarbons, gases also known to contribute to the global greenhouse effect.
Many people have wanted to take advantage of the Roth IRA for the past several years, but couldn't because they surpassed the Roth IRA phaseout limits.
Above - the - line deductions, like the moving expenses tax deduction, are designed to help protect your personal exemptions and itemized deductions from phaseouts.
Germany and Switzerland took the disaster as a cue to announce phaseouts of their entire nuclear sectors, and a referendum in Italy put the brakes on Silvio Berlusconi's plans to revive nuclear power in that country.
Related to this, a third factor was that the SO2 allowance trading program, the leaded gasoline phasedown, and the CFC phaseout were all designed to reduce emissions, not simply to reallocate them cost - effectively among sources.
Canadian Labour Congress President Hassan Yussuff and Conservation Council of New Brunswick Executive Director Lois Corbett will co-chair the just transition task force officially unveiled Wednesday by Environment Minister Catherine McKenna, with a mandate to engage affected communities in the transition to new jobs before the country's coal phaseout takes effect in 2030.
However, while the routine deduction phaseout scheme isn't too hard on deductions, AMT is, and AMT kills a lot of the value of their deductions.
While critics of the deal focus on comparing Canada's tariff phaseout period on vehicles to the longer tariff cut schedule offered by the United States, they fail to acknowledge that the important bilateral concession offered by the United States was the immediate elimination of U.S. duties on auto parts — something that will benefit American assembly plants as well as TPP parts makers.
«That agreement set the stage not just for this HFC phaseout accord but for the broader Paris Agreement,» said Paul Bledsoe, a White House climate adviser during the Clinton administration.
The Senate bill included a larger deduction, 23 percent, and a higher phaseout point, $ 500,000 for couples.
Phaseouts reduce tax benefits at different rates depending on their structure and range (table 1).
For one, the new law eliminates the Pease phaseout on itemized deductions for taxpayers with high AGIs from 2018 to 2025.
[2] ATRA also temporarily extended the higher earned income tax credit phaseout threshold for joint filers.
If your income was a bit more than that, and you didn't have any (legitimate) way to avoid some of that money hitting your personal tax return (or didn't want to), you'd have a $ 50,000 phaseout period ($ 100,000 filing jointly) where you'd still get to deduct some of the business income, but not all of it.
And, notes Richard Denison, senior scientist at Environmental Defense Fund, many other PFC compounds not covered by the EPA actions or voluntary phaseouts are currently used — including in food packaging — that raise similar environmental health concerns.
As with the HCFC phaseout, developed countries agreed to make the first move: They must begin abandoning the production and consumption of HFCs next year and achieve an 85 % reduction by 2036.
If you only qualify for a partial contribution, there is a breakdown of the Roth IRA partial contribution phaseout by income in the tables at the end of this post.
HCEs will have already hit phaseout levels for Roths at $ 120K.
But his prescription was different than those of Mr. Barnes and Dr. Hansen, focusing instead on an aggressive policy to deploy new energy technologies for electricity and transportation and a quick phaseout of traditional coal - burning power plants.
While some of this was due to the final phaseout of coal power in the province, other steps like decreased emissions from its vehicle fleet and facility retrofits also played a factor.
When it comes to the nuclear phaseout portion of his plan, hopefully no other candidates will.
Again, this bleak, dangerous future the IPCC says we could avoid through the rapid phaseout of fossil fuels may not even be as bad as the future we're actually headed toward, while a future in which business as usual doesn't result in catastrophe exists only in the imaginations of those who close their eyes to the science.
• Deduction for mortgage insurance extended through the end of 2013; reduces the cost of buying a home when paying PMI or insurance for an FHA or VA - insured mortgage; $ 110,000 AGI phaseout remains
Due to phaseout effects like miscellaneous itemized deduction thresholds, in many situations a client's marginal tax rate may be different than the client's tax bracket.
It contains a host of «orphaned» renewable sources to the extension and phaseout schedule agreed to in a previous deal, including the following:
But there's one major flaw in Bernie's plan: Sanders is calling for a total phaseout of nuclear energy.
Current language in the draft climate agreement supports a «100 percent phaseout of fossil fuels by 2050,» something environmental groups have promoted for years.
Then, in Montreal for the 10th anniversary of the Protocol, Parties accelerated methyl bromide phaseout and introduced an import / export ban.
Though NAM would trust national energy policies to «the marketplace and its proven ability to meet the nation's energy needs,» according to its official policy statement, Keller advocated for a renewable portfolio standard in Michigan (requiring electricity providers to get 10 percent of their power from renewable sources by 2015) and supports a mandated phaseout of U.S. oil imports.
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