He probably lost the tax benefits when he left the company, but I suggest he ask the company managing his 401 (k).
Not exact matches
Well, if I told you there was a
tax credit if you formed a C corp that lowered your rate from 28 % to 14 % but still had an AMT phase - out — I
probably lost you at C Corp..
«If they voted wrong on guns, if they voted wrong on
tax increases, and they voted yes on marijuana, they'd
probably lose their line.
You will
probably be reluctant to use your house to borrow the money, and rightly so; however, in the case of federal
taxes you could stand to
lose your house if you didn't pay anyway.
If you are paying $ 500 / month in interest (as OP clarified above), and you don't have a written agreement, you are
probably unable to claim that payment as mortgage interest if you itemize your deductions on U.S. federal or state
tax returns, thus you may be
losing out on a legal
tax deduction (assuming you earn enough to itemize).
Letting the
tax tail wag the investment dog cost me
probably $ 30,000 as the stock never hit that high again and when the whole British Telecom / WorldCom merger craziness hit the fan, I left the company
losing the options.
I am going to
lose the
tax benefits of a mortgage... most
probably in the highest earning years of my life....
If your income changes, or if you add or
lose members of your household, your premium
tax credit will
probably change too.
Business borrowing — Any interest rate decline
probably wouldn't be sufficient to offset the after -
tax impact of
losing the interest deduction, so the after -
tax cost of borrowing could increase severely.
When you take a look at all the rural land that borders on, is intersected by, or sits on top of water sources that supply municipal systems, and think that all those landowners would
probably do the same thing, when we add up all the
lost municipal
tax revenue, well, we're not talking about petty cash here, are we?