Sentences with phrase «reduce current tax bills»

Another key benefit of participating in a retirement account is that your contributions may be made pre-tax (i.e., tax deductible), helping reduce current tax bills.

Meanwhile, your contributions may be pretax or tax deductible, helping reduce current tax bills.

Not exact matches

For all other brewers and beer importers, the tax will be reduced to $ 16 / barrel (from $ 18 / barrel) on the first six million barrels, and the bill maintains the current $ 18 / barrel rate for barrelage over six million.

Current forms of the tax bill eliminate or greatly reduce the federal credits, although a number of Upstate congress members are vowing to fight for their inclusion.

Their contributions reduce their taxable incomes, saving them money on their tax bills in the current year.

You can use these to offset any capital gains you've incurred in the current year, which can reduce your tax bill.

The Hatch bill, S. 66, would reinstate a 50 percent exclusion for capital gains income and would reduce the individual capital gains tax rate from its current maximum level of 28 percent to no more than 19.8 percent.