Sentences with phrase «tax breaks»

"Tax breaks" refers to deductions, exemptions, or credits provided by the government to reduce the amount of taxes an individual or business must pay. It allows them to keep more of their income or profits by reducing their overall tax liability. Full definition
Another piece calls for state tax breaks for student loan interest.
But I do know there are plenty of tax breaks for small business owners in general, which I am.
For the first time, the state quietly released details on how much some films and shows received in tax breaks for the final quarter of last year.
The wash sale rule exists to prevent investors from getting tax breaks on artificial losses.
Plus, you're offering a highly regarded and desirable job benefit and could potentially qualify for tax breaks on educational assistance costs.
Most states offer their own 529 plans, and some give tax breaks for doing so.
The millions in tax breaks from the school district, town and county seem the way they do business these days.
We agree that it is important that businesses that receive tax breaks provide economic development and jobs to our community.
Also, many states offer tax breaks on money put into 529 accounts during the tax year.
Buying a home costs a lot of money but comes with good tax breaks as well.
They also recommend stricter rules for economic development awards for businesses, and a circuit breaker type of property tax break that targets relief to lower income families.
Many 529 plans are similar to 401 (k) s or individual retirement accounts: They are investment accounts with tax breaks if you use the money on educational expenses.
And this year, the state is expanding the program, which provides tax breaks for companies funding the scholarships.
He says both received big tax breaks in the federal tax overhaul, so can afford it.
Companies starting in a hot spot will be free of state tax breaks for their first five years.
The government agrees, as evidenced by the new tax breaks given to cars with smaller engines.
You may also be able to claim other tax breaks if you have dependents.
You may also be able to get additional tax breaks by creating your own business if you're working as a 1099 employee.
We need to give more tax breaks to the 1 %.
Not only do you get many tax breaks when you own investment property — property that generates rental income — you get a sort of back - handed shadow benefit too.
The city said the developer agree to not seek tax breaks from the county.
The tax package also includes tax breaks for the vast middle class, and taxing rich people is a widely popular idea.
Click on any state in the map below for a detailed summary of taxes on retirement income, property and purchases, as well as special tax breaks for seniors.
This is a signature Canadian policy and probably the most generous tax break most people in this country ever get.
The coalition seeks stronger rent protections for tenants and an end to corporate tax breaks for developers, as well as a strategy to end growing homelessness across the state.
Both receive massive tax breaks in return for providing «community benefit,» a poorly defined federal requirement that they serve their neighborhoods.
There's another way to get a big tax break while giving to your favourite cause.
That would inevitably limit the mortgage interest deduction, which is one of the largest tax breaks in dollar amounts.
If such a concern came to fruition, would imply that tax breaks do not help all — just the biggest in the class.
There is also a 10 - year tax break on foreign earnings.
It has proposed funding the improvements with $ 200 billion in tax breaks over nine years that would — in theory — leverage $ 1 trillion worth of construction.
Note that Canadian dividends will get you a nice tax break at all income levels, but the benefit is especially large if you're in a lower tax bracket.
The county's industrial development agency has the authority to grant tax breaks anywhere in the county, including within the city.
Many current tax breaks expire after 2010, unless they're renewed.
Many people are unaware that there are hundreds, if not thousands, of different tax breaks available to them.
The state offered tax breaks worth about $ 1.25 billion over 20 years.
There's also some consensus that business tax breaks should be eliminated to allow for a lower overall business tax rate.
The new law creates new brackets and rates for individuals and eliminates tax breaks for individuals with income from pass - through entities.
Among corporate users, 14 % have used tax breaks while 7 % have used fee waivers and 6 % have taken advantage of fast - track permitting.
This can be a huge tax break if you live in an area with high property taxes.
One of the initiatives was a bill that created a special sales tax break for online - only publications that charge for subscriptions.
But did you know there's a whole list of other homeowner - related tax breaks that you might be leaving on the table?
So, if we strive for true equality, any and all relationships should be eligible for this marriage tax break.
Individual tax breaks came in somewhere in between on both criteria.
The renewal of rent and real estate laws, including a controversial real estate tax break, are being fiercely debated.
Using a slower - growing measure also means certain tax breaks would also grow more slowly, like the earned - income tax credit, among others.
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