Sentences with phrase «qualifying gross household income»

Not exact matches

To qualify in 2016, a family's modified adjusted gross income may not exceed $ 65,000 for single, head of household, or qualifying widower filers or $ 130,000 for married filers.

For example, if you file as a single, head of household, or qualifying widow (er) taxpayer for the 2017 tax year and have more than $ 75,000 in adjusted gross income ($ 55,000 for married filing separately, $ 110,000 for joint filers), the reduction increases as the amount exceeding the limit increases.

• The following are included in annual income to qualify for an RHS guaranteed loan: − Gross amount of wages, salaries, overtime pay, commissions, fees, tips, bonuses and other compensation for personal services of all adult members of the household − Net income from the operation of a farm, business or profession, interest, dividends and other net income of any kind from real or personal property − Payments from social security, annuities, insurance policies, pensions, unemployment, workers compensation, alimony and / or child support and other types of periodic receipts.

For Tax Year 2017, the limit on modified adjusted gross income (MAGI) is $ 160,000 if married filing jointly and $ 80,000 if single, head of household, or qualifying widow (er).

An index of 100 means that median - income household has exactly enough income to qualify for the purchase of a median - priced existing single - family home, also accounting for a 20 percent down payment and 25 percent of gross income devoted to the mortgage principle and interest payments.

An index of 100 is defined as the point where a median - income household has exactly enough income to qualify for the purchase of a median - priced existing single - family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments.