Sentences with phrase «still income for tax purposes»

Similarly, this means it's also important to recognize that while long - term capital gains falling at the lower income levels may be eligible for a 0 % tax rate, it is still income for tax purposes, not only for determining which bracket to apply, but also for state income taxes (which may not be a 0 % rate!)

Not exact matches

This is intended to be helpful but it is still very important that you check the income figure shown on the notice is correct for tax credit purposes and that may be different from the income figure provided through HMRC's RTI records.

Is subchapter S Corporation income used to pay taxes still income for child support purposes if the parent has a controlling interest in the S Corporation?

Is subchapter S Corporation income used to pay taxes still income for child support purposes if the parent does not have a controlling interest in the S Corporation?