Sentences with phrase «separate federal income»

If a married person wants to have his or her monthly student loan payment calculated solely on the basis of her individual income and student loan debt, she must file a separate federal income tax return.

They must file separate federal income tax returns as «head of household» or «single» and include their separate and community income.

Not exact matches

If you're married and file a joint federal income tax return, your spouse's adjusted gross income is also considered (unless you are separated or unable to obtain your spouse's income information).

There are four separate income - driven repayment plans available to federal student loan borrowers:

Ontario and BC could increase their flexibility in the current situation by completely separating the determination of provincial income tax liability from the determination of federal income tax liability, as Quebec did years ago.

NXRT intends to qualify and elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its first taxable year of operations as a separate public company.

ALBANY, N.Y. — Gov. Andrew Cuomo wants to separate the state's tax rates from the federal rates to keep New Yorkers from a $ 1.5 billion income tax increase, the Democrat's top budget official testified Thursday during a budget hearing.

Gov. Andrew Cuomo wants to separate the state's tax rates from the federal rates to keep New Yorkers from a $ 1.5 billion income tax increase, the Democrat's top budget official testified Thursday during a budget hearing.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

We are a separate corporate entity established with an appropriate level of separation from the Nation government, but we offer partners an array of tax efficiencies and other benefits based on the Nation's sovereign status, including federal tax immunity, state income tax exemption, federal capital gains tax exemption, state sales tax exemption and preferential debt financing and government contracting preferences, among others.

Previously, Senate Republicans had opposed a push to increase the income limits to 300 percent of the federal poverty limit — which would match the limits for families in the separate Milwaukee and Racine voucher programs.

If you're non-resident - your income (for Federal tax purposes) is separate.

If spouses are filing separate federal tax returns, each spouse will report one - half of the total compensation income and one - half of the withholding on that compensation income.

The complaint notes that this action is similar, but narrower in scope, to 18 separate lawsuits pending in federal district courts around the country which allege a university defendant breached its Employee Retirement Income Security Act (ERISA) fiduciary duties by allowing TIAA to collect excessive fees from the university's retirement plan.

AMT is defined as: A separate tax system designed to ensure that wealthy individuals and organizations pay at least a minimum amount of federal income taxes.

The AMT is a separate, parallel federal income tax system with its own rates and rules; for example, the AMT effectively disallows the standard deduction and some itemized deductions.

You'll need to follow your state's laws when calculating community income and separate income for your federal return.

If you use Filing Status 3 on Form 760 or Form 760PY, or Filing Status 4 on Form 763, and you filed a joint federal income tax return, you must compute your Virginia itemized deductions as if you had filed a separate federal return.

Each fund is treated as a separate entity for federal income tax purposes and is not combined with the Trust's other funds.

Additionally, the idea that a carbon tax can offset the federal income tax or payroll taxes is shaky because the taxes are based on separate tracks: a carbon tax (according to its supporters) provides the «optimal» disincentive for emissions based on models of climate change, while a payroll tax is based on Social Security demographics.

Canadian tax law, through the Income Tax Act and the Excise Tax Act (for HST / GST) is under federal jurisdiction, although Quebec has a separate income tax act in addition to the federal Income TaIncome Tax Act and the Excise Tax Act (for HST / GST) is under federal jurisdiction, although Quebec has a separate income tax act in addition to the federal Income Taincome tax act in addition to the federal Income TaIncome Tax Act.

When a married couple from a community property state files separate federal tax returns, they generally must report half of their combined income rather than reporting their own earnings alone.

And with his income now greatly reduced — and since there were now two separate households to keep financially afloat — private school tuition was not a reasonable «special expense» (as that term is defined under s. 7 of the federal Child Support Guidelines, which governs parents» support obligations).