Sentences with phrase «to reduce one's tax burden»

Breaking the gift into several occasions over several years helps reducing the tax burden on the donor without touching the lifetime exclusion and affecting the estate tax.

Even in the toughest economic times, our Government has worked hard to reduce the tax burden for Canadian families and Canadian businesses.

Many investors use municipal bond funds to help reduce their tax burden.

One technique to saving money is utilizing tax - saving deductions to reduce your tax burden as much as you can.

Reduce your tax burden by brushing up on some easy ways to reduce your taxes.

However, some Island - based tax experts say they don't think this will significantly reduce tax burdens.

Web businesses are tax efficient and can drastically reduce your tax burdens.

A core principle agreed to by all in 1986 was that reform would not reduce the tax burden on high - income taxpayers.

Both serve the same purpose, which is to reduce your tax burden based on certain categories of income or expenses, but they work in different ways.

Smart Beta ETFs are also extremely tax efficient and greatly reduce the tax burden often associated with high turnover trading strategies in a taxable portfolio.

However, to reduce your tax burden effectively, it is essential to choose the right investment plans.

On top of that, the mortgage deduction will help to reduce your tax burden for the following year as well.

In doing this, the government will be reducing the tax burden on individuals, by transferring the majority of the $ 2.6 billion burden onto business.

Both are excellent products for long term saving that can help reduce your tax burden, either later this year or in your future.

Roth 401 (k), 403 (b) or 457 plans — Contributions come out of your paycheck after you pay taxes, but your withdrawals will be tax - free when you retire (assuming you meet the requirements), potentially reducing your tax burden in your old age.

Sometimes, a life insurance agent and the policyholders» lawyers will construct a financial plan reducing the tax burden of wealthy individuals by creating trusts and using survivorship life insurance as part of the estate - planning strategy.

Sara will be a strong, independent voice for reform and will fight to improve the quality of education our children receive while also reducing the tax burden on struggling families and businesses,» Gillibrand said in a statement to be released later on Thursday.

A deduction reduces the tax burden while a credit subtracts directly from the taxes owed.

I think, rather than threatening to use controversial presidential powers to prevent U.S. companies legally reducing their tax burden as has been mooted recently, Mr Obama must instead bring America's corporate tax rate in line with the rest of the world's developed economies.

Ultimately, the glittering prize for the chancellor is a simplified tax system which assists with rebalancing the economy and potentially reduces the tax burden on businesses and individuals; but the road to integration is a long and arduous one.

Lean how opening an IRA can help reduce your tax burden with advice from the tax experts at H&R Block.

Remember, though, individual tax rates have generally gone down as of Jan. 1 and a new 20 percent deduction on certain income for small businesses (which includes solo workers) could reduce your tax burden even further.

AS TAX time approaches, small business owners are looking for ways to legitimately reduce their tax burden.

Cutting the pass - through rate while repealing the AMT would probably reduce his tax burden to roughly half that level.

The Bermuda - based company has helped Apple reduce its tax burden in the United States.

«This bill takes an important step towards reducing the tax burden for hundreds of businesses across California.

7.04 pm: On the 50p top rate of tax, Alexander repeats his position that «it is just the wrong time for us as a country to be thinking about reducing the tax burden on the wealthy».

We wholeheartedly support reducing the tax burden on Mississippians and we applaud these leaders for their bold initiatives.

Additionally, Dr. Bradshaw proposed that repayments should be made through a special arrangement that would take money out of the student debtor's salary, which would hypothetically reduce the tax burden on graduates.

Would contributions to a traditional IRA reduce your tax burden?

Q1 (2:31) «Would contributions to our traditional IRAs reduce our tax burden?

A Roth individual retirement account (IRA) is a wise choice for many people: But there also are smart reasons why you might choose a traditional IRA as a savings vehicle for retirement — especially if you'd like to reduce your tax burden now, not when you retire.

And we can portray carbon taxes as a way to reduce the tax burden elsewhere while reducing the conflicts of land use and pollution associated with fracking for gas, drilling for oil and slicing off mountaintops for coal.

In most cases, you can reduce your tax burden by deducting money spent on your own education as well as that of your spouse and / or your dependents.

A number of French taxpayers challenged the classification by the Council of State and won, resulting in a verdict that significantly reduces tax burdens for most French investors.

My conclusion is with the class of persons filing a tax return as a single and claiming nothing other than the standard deduction, the House proposed tax bill significantly reduces the tax burden on the class of taxpayers whose AGI is less than 100,000.

A hard cap on all types of property taxes along with mandate relief for local schools and governments are essential to reducing the tax burden in New York, slowing upstate population losses, and putting the state on a path to economic recovery.»

These extra contributions can also reduce your tax burden as your peak earning years might have bumped you into a higher tax bracket than you paid during your 20s, 30s, or 40s.

Hoffman, who has previously spoken out against Trump, agrees that it makes sense for an individual to reduce his tax burden as much as possible.

Legally reducing my tax burden helps me vote my conscience with my dollars and put my money where my mouth is.

The MCC helps reduce the tax burden for homebuyers, freeing up funds for the down payment and other expenses.

The benefits coming from a policy of reducing the tax burden on Canadians will be much greater with tax simplification and reform».

It is perhaps not surprising that they are increasingly seeking legal means to reduce their tax burden.

Given the many options that these persons have to restructure activities to reduce their tax burden, the actual amount of revenue raised will be significantly lower.

A few days after the House introduced its tax - cut proposal for small businesses, the Senate responded with its own plan to reduce the tax burden on the coveted demographic.

There are currently various deductions and loopholes that allow taxpayers to reduce their tax burden.

In part because home values are relatively low but also because Mississippi has a number of rules that reduce the tax burden on homeowners.