Sentences with phrase «phases out at»

This means that the tax deduction completely phases out at $ 109,000), said Himmel.

Nobody's going to buy a Hyundai, I said, if President Moon says they are too dangerous, and phases them out at home.

However, if one or both are active participants, tax deductibility for joint filers phases out at a modified adjusted gross income (MAGI) of $ 99,000 to $ 119,000 for a participating spouse and $ 186,000 to $ 196,000 for a nonparticipating spouse in 2017.

Because there are no longer any income limits on Roth IRA conversions, everyone is eligible for a Roth IRA conversion; however, eligibility to contribute to a Roth IRA phases out at higher modified gross income levels.

The AMT exemption phases out at higher income levels, so the effective marginal AMT tax rate is often higher than the notional 26 % and 28 % rates.

Because the exemption phases out at a 25 - percent rate, it creates a top effective AMT tax rate of 35 percent (125 percent of 28 percent).

While your eligibility for this deduction phases out at a certain income threshold, deducting your student loan interest paid if you are able will, ironically, lower your AGI and help you qualify for lowered monthly payments in the subsequent tax year.

In 2017, the credit phases out at modified adjusted gross incomes between $ 112,000 and $ 132,000, assuming you're married filing jointly, and between $ 56,000 and $ 66,000 if you're single or head of household.

The deduction begins phasing out at modified adjusted income of $ 189,000, and disappears entirely at $ 199,000.

It would be refundable up to $ 1,400 and start to phase out at $ 400,000 in income.

The AMT exemption begins to phase out at $ 129,700 for singles and heads of household, $ 160,900 for married couples filing jointly, and $ 80,450 for married couples filing separate returns.

Finally, the LLC is phased out at even lower levels than the AOTC.

The child credit would be available for more wealthy households: It would start to phase out at $ 230,000 in earnings for married couples, as opposed to $ 110,000 under current law.

The percentage of allowable expensing will be phased out at a rate of 20 percent per year from 2023 (80 percent) to 2026 (20 percent).

The child credit would be available for many more wealthy households: It would start to phase out at $ 400,000 in earnings for married couples, as opposed to $ 110,000 under current law.

The same goes for a Roth IRA, as long as your income is not above the limits (the ability to contribute to a Roth IRA starts to phase out at $ 186,000 for 2017 and $ 189,000 in 2018, if you are married and file a joint return.

For 2017 tax returns, the maximum benefit for the AOTC begins to phase out when modified adjusted gross incomes (MAGI) reaches $ 80,000 and is completed phased out at MAGI of $ 90,000.

If you're single, or file as head of household, the ability to contribute to a Roth begins to phase out at MAGI of $ 118,000 and is completely phased out at $ 133,000.

For 2017 the income threshold at which single filers can contribute to a Roth starts to phase out at $ 118,000 a year and completely caps out at $ 133,000.

If you're also covered by an employer retirement plan, however, your ability to deduct your contribution begins to phase out at a certain income level.

That said, higher earners — those who tend to have the highest effective tax rates — are often unable to capitalize on tax credits because most phase out at higher income levels.

Maybe people don't remember Mustafi from 2014 WC... he's miles better than Mertesacker who should be phased out at this point anyways, and would be great with Koscielny.

Mert has wisely retired from his great national team career and soon will come the time to be phased out at club level.

The credit begins to phase out at $ 150,000 of modified adjusted gross income.

If you've been rocking or swinging her to bed, concentrate on phasing it out at naptime.

At a technical briefing after the mayor's speech, at which de Blasio took no questions, Office of Management and Budget Director Dean Fuleihan said the shelter plan wouldn't add any new costs to the city's operating budget, because cluster sites and hotels are being phased out at the same time new shelters are being opened.

But acknowledging the political weight behind EEI's proposal, Greenstein today suggested a compromise that starts with free allowances for the electric utilities so long as they are also phased out at the same time that direct tax relief gets ramped up.

In 1941 Chevrolet produced the Master DeLuxe and Special DeLuxe; the Chevy Master 85 had been phased out at the end of 1940.

The credit starts to be phased out when the dependent's income is over $ 16,163 net income and completely phased out at $ 23,046.

At one time a hospital might have employed Metcalfe - Haggert full time for her services, but a lot of psychology support jobs have been phased out at medical institutions.

The personal exemption for 2009 is $ 3,650 * but is phased out at higher income levels.

It now also covers the cost of books, and begins to phase out at $ 80,000 of Adjusted Gross Income for single filers and $ 160,000 for joint filers.

For single filers, the credit starts phasing out at $ 75,000 of Adjusted Gross Income and dries up at $ 95,000.

The exemption is phased out at a rate of 2 % for each $ 2,500 of income beyond these limits.

The interest income exclusion is phased out at higher income levels.

It starts to phase out at one percent for every $ 1,000 over the $ 315,000 for married filing jointly (two percent for every $ 1,000 over the $ 157,500 threshold for single, head of household, or married filing separately).

In 2014 those limits are $ 96,000, phased out at $ 116,000.

When we move over to the AMT, the same $ 1,000 is taxed at 15 %, but in addition eliminates $ 250 of your exemption amount, because the exemption is phased out at a rate of 25 %.

For 2016, the value of the Tuition and Fees Deduction begins phasing out at AGIs of $ 65,000 ($ 130,000 if married filing jointly).

If your option profit is in seven figures, or anywhere close, you don't have to worry because the AMT exemption amount is phased out at higher income levels.

For unmarried filers, the contribution limit begins to phase out at $ 114,000 and is completely eliminated at $ 129,000, and for joint filers the contribution limit is eliminated as joint income moves from $ 181,000 to $ 191,000 (figures are for 2014).

For 2017, this tax break begins to phase out at $ 117,250 of modified adjusted gross income (MAGI) for married joint filers ($ 78,150 for single taxpayers).

The Earned Income Credit will phase out at lower incomes for married filers.

The deductibility of the spousal IRA begins to be phased out when your joint modified AGI reaches $ 166,000 and is completely phased out at a modified AGI of $ 176,000.

It will phase out at $ 1 million and $ 500,000 of income, respectively.

If you're an active participant in an employer - sponsored retirement plan, your ability to claim a deduction for the contribution made to the traditional IRA will be phased out at the following income levels:

If this is the case, the ability to claim a deduction is phased out at the following income levels:

Regardless of whether or not it's passed, it is highly likely that it will be phased out at some point.

If you're filing as single or head of household, the credit starts phasing out at $ 55,000 and is eliminated at $ 65,000.

Student loan interest deduction capped at $ 2,500 with a phase out starting with modified adjusted income of $ 65K and completely phased out at $ 80K?