Sentences with phrase «very large tax bill»

Once the 401k or pension plan compounds for many years, there is also a very large tax bill.

If your loans grow for 20 - 25 years, you're going to end up with a very large tax bill.

But the programs have come with a big catch: the possibility of a very large tax bill.

Not exact matches

Another feature of the Senate bill would be to make changes to the estate tax, a levy placed only on very large estates when they're inherited from their deceased owner.

The House bill would immediately double the exemption on the estate tax, a levy of up to 40 percent for very large estates when their holder dies, and after six years repeal it entirely.

Unless tax benefits are refundable (payable to a taxpayer as a refund if the credit is larger than the tax owed), families with the very lowest incomes and tax bills can not gain any benefit.

Although this more heavily impacts very expensive housing markets, combined with the loss of the SALT deduction, the tax bill would make home ownership significantly more expensive in numerous housing markets, creating a disincentive for buyers across a large range of prices, and potentially depressing housing prices.

You may very well have a large tax bill on a minimum RRIF withdrawal when you file your tax return if your other sources of income are high.