Sentences with phrase «subject to income»

If you (or your spouse) earn wages subject to income tax withholding in addition to your real estate business, you may reduce or eliminate the need to make estimated tax payments by having your (or your spouse's) employer withhold additional amounts from each paycheck or from your December paycheck by completing a new Form W - 4.

The final bill retains current law, allowing deductibility of student loan debt up to $ 2,500, subject to income phase - outs.

The Acts of Parliament can not by virtue of the Constitution discriminate by picking and choosing which self - serviced industry will be subject to the Income Tax.

It would be ironic and humorous, but if a «mere posting» seller were in fact successful in leveraging money (profit) directly to their own pocket because of a partnership with a real estate brokerage and this industry, what if that money turns out to be subject to income tax?

In couples where both parents receive income support, both parents» income support and family payments are subject to income management.

A person who is subject to the income management provisions has an income management account.

(a) a child protection officer of a State or Territory requires the person to be subject to the income management regime; or (b) the Secretary has determined that the person is a vulnerable welfare payment recipient; or (c) the person meets the criteria relating to disengaged youth; or (d) the person meets the criteria relating to long - term welfare payment recipients; or (e) the person, or the person's partner, has a child who does not meet school enrolment requirements; or (f) the person, or the person's partner, has a child who has unsatisfactory school attendance; or (g) the Queensland Commission requires the person to be subject to the income management regime.

The criteria for being subject to the income management provisions is therefore solely on the basis of the race of the welfare recipient instead of being on the basis of need.

Other adults with at least a 14 % or larger share of responsibility for care of a child may be subject to income management.

In couples where both parents receive income support, both parents» income support and family payments will be subject to income management.

It is of concern that despite the complexity of this legislation, there is still a lack of precision as to who will be subject to income management, under what circumstances and for how long.»

It is not subject to income tax and does not affect whether you can get a medical card.; In order to qualify for Working Family Payment, either you or your spouse must be engaged in insurable employment.

«Additionally, we believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions.

«We believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions.

«Additionally, we believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions,» Lee said.

When the benefits of your life insurance policy are given to your beneficiary, they will (almost always) not be subject to income taxes.

Lifetime distributions of cash values are subject to income tax to the extent attributable to gain in the policy.

The payments are subject to income and estate taxes.

If, however you surrender a life insurance policy that has a cash value you are subject to income taxes.

They are not subject to income tax.

This money is generally not subject to income tax, but may be subject to estate tax.

However, if a policy is surrendered, any outstanding loan is subject to income tax in the year that the policy lapsed.

Additionally, the cash you receive through the surrender is subject to income tax.

After a lapse, any previously tax - free loans you took from the policy will be considered gains, and subject to income tax.

The fact that life insurance dividends, cash value accumulation and payouts generally are not subject to income taxes makes permanent life insurance policies attractive to wealthy people who are looking to avoid paying Uncle Sam.

The money released to you when you use your disability income rider is meant to be a reasonable replacement for that lost income and may be subject to income tax.

Usually, life insurance death benefits are not subject to income tax.

Cash accrual in the policy is also tax free under IRC 7702, provided the policy is never surrendered and the death benefit is also not subject to income taxation.

Also, if your policy lapses for any reason and you have an unpaid loan, you will be subject to income tax fees (up to 35 %) payable immediately.

Any cash value over the amount that you paid for your policy is subject to income tax at the time that it is withdrawn.

However, the entire pension amount would be subject to income tax deduction as per the slabs defined under the Act.

While the death benefit on insurance policies is not subject to income taxes, it may be subject to estate taxes, which in the United States range from 35 % to 45 %.

Individual long - term disability benefits are not subject to income tax if the policyholder pays the premiums in full.

Finally, the death benefit from a life insurance policy is generally not subject to income taxes.2

Withdrawals up to the amount of premiums paid are not subject to income taxation under income tax law.1 Also, unlike annuities, cash value withdrawn from your policy (so long as it is not a MEC) is not subject to IRS pre-59 1/2 withdrawal penalties.

Under the Internal Revenue Code, a policy loan is not considered income and is not subject to income tax.

You may have heard that the proceeds of a life insurance policy aren't subject to income taxes.

Life insurance death benefits are not subject to income tax, so if you get a permanent policy, you'll know that your heirs will have cash - on - hand to pay the estate tax.

Although life insurance death proceeds will not typically be subject to income taxation, they may be subject to federal estate taxation.

However, the tax benefits are subject to the income tax act.

Life insurance dividends are actually a return of premium and are not subject to income taxation.

However, unlike life insurance, annuity death benefits are subject to income tax.

Then, you subtract the amount that is subject to income tax, which is $ 25,000 in our example.

Withdrawals above your basis are subject to income tax.

These loans are not subject to income tax.

All annuity payouts may be subject to income tax as per the law prevailing on the date of payout.

However, the portion that is considered to be gain will be subject to income tax.

In this case, the money will not be subject to income taxation.

Oftentimes, if a policy owner takes a withdrawal within the first 15 years of the policy and the withdrawal causes a reduction of the death benefit amount, then some — or even all — of the withdrawal amount maybe subject to income tax.

Unpaid loans will reduce the cash value and death benefit payable, and if the policy lapses with a loan outstanding, it will be treated as a distribution and may be subject to income tax.