Sentences with phrase «year of additional income»

At 63 years of age, you are less than 2 years away from receiving Old Age Security pension, which is currently up to $ 6,765 per year of additional income for both you and your spouse.

Not exact matches

If the province approves the plan, it would cost an additional $ 977 to a family of five with an above - average income, two cars and driving 40,000 kilometres a year.

This year's suite of recalled cars could pad dealers» collective income statements to the tune of billions of dollars in additional revenue.

Lasser said most U.S. households will see an increase in disposable income of 2 percent to 4 percent within the year, adding up to at least $ 200 billion in additional cash for the nation's consumers.

Farm incomes are expected to fall an additional 3 % this year, according to the U.S. Department of Agriculture.

You could keep working, which offers the quadruple advantages of continued income and additional opportunities to add to and grow retirement savings, while letting your Social Security benefit increase and potentially replacing a zero - or low - income year in your record.

And additional years of work ahead of claiming would help Kittle replace zero - and low - income years on her record from when she was a young mother.

Unfortunately, over the years, more and more middle income taxpayers have been subject to the AMT and have consequently owed additional taxes, because the AMT exemption — the amount of income which isn't subject to additional taxes — isn't indexed to inflation.

His article goes on to profile Sue Johnson, a 74 - year - old Uber driver, as a prime example of seniors who are embracing the flexibility and additional income of gigging.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

Although a one or two percent rent increase per year may not sound like a lot, the additional rent growth comes at a time when rents are already rising rapidly nationwide and half of renters are cost - burdened, spending 30 percent or more of their income on rent.

Because of these additional tax deductions, the Funds may report tax losses in some years even though Holdings reports taxable income passing through from us.

An ATO Area Developer («AD»), will be rewarded by earning additional revenue from commissions for new offices sold (year - round) and a share of the tax preparation revenue of its Sub-Affiliates (passive income during tax season).

Additional information about the tax treatment of benefit payments and / or disability payments may be found in the annual OPERS publication, Benefit Recipients» Income Tax Guide, which is published and mailed to benefit recipients each tax year in January.

As for your Solo 401K numbers, it would appear that you'd be eligible to sock more away there, given that the max is $ 53K per year ($ 18K personal plus up to 20 % of your company's income as a base contribution up to an additional $ 35K), and more for your spouse if you count her as an employee of Financial Samurai.

We've already discussed the need to submit two years of income taxes to help verify your income, but some lenders may require you to submit additional business documents.

With savings of 7,792 kg CO2 per year in carbon savings, the homeowner could realize an additional $ 25.50 to $ 85.80 per year in carbon credit income just by living in a hempcrete home.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

SunTrust's net interest income rose $ 5 million to $ 1.24 billion from a year ago while net interest margin rose to 3.25 percent from 3.19 percent because of loan growth and an additional day in the quarter.

A report by the World Conference on Agrarian Reform indicates that approximately an additional 450 million are seriously poor; with incomes of less than $ 200 per year.

Chefs and venues will be hosting events throughout the year, with proceeds benefiting the Jacobson family for mounting medical bills and additional expenses due to loss of income.

This can be direct income to the Government as the Plant may continue to generate electricity at 4.5 c / kWh while the Government can make additional profit of at least 3.5 c / kwh for the next 15 - 20 years.

The Financial Times suggested that in order to find additional cuts of # 30 - 40bn, the incoming government might have to cut public sector pay by 5 per cent, freeze benefits for a year, means - test child benefit, abolish winter fuel payments, and cut free TV licences and bus passes.

The mayor has declared the plan on time and within budget and earlier this year he also announced an additional $ 1.9 billion investment to create 10,000 more affordable housing for low - income earners, including 5,000 more dedicated senior housing units, for a total of 15,000 senior units under the plan.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

It extends the logic of the millionaire's tax with a series of four additional tax brackets starting at $ 5,000,000 and adding at most 1.5 percentage points of incremental tax on incomes over $ 100,000,000 per year.

The state is slated to bring in additional revenue this year from the income tax reform that was enacted in December at the urging of the UFT, the Strong Economy for All coalition and others.

The IDC plan invests an additional $ 650 million in middle - income housing on top of the $ 100 million already secured in the 2015 - 2016 Executive State Budget, for a total of $ 750 million over five years.

When we increase the number of working adults with just two years of additional education and training, it leads to higher incomes throughout their careers, helps keep families stable and helps generate billions for the economy,» says Senator Gillibrand.

But in April 2010 Labour's «additional rate» came into force, meaning anyone earning more than # 150,000 a year had to pay 50p in every pound of income over that amount.

Just 1 percent of additional income from one year in a room with a great teacher adds up to $ 25,000 over the typical wage earner's lifetime.

While we find only small effects for children from nonpoor families, for low - income children, a 10 percent increase in per - pupil spending each year for all 12 years of public school is associated with roughly 0.5 additional years of completed education, 9.6 percent higher wages, and a 6.1 - percentage - point reduction in the annual incidence of adult poverty.

The fiscal impact for states is projected to accumulate significantly over time as the increase in individual incomes generates additional revenues from income tax receipts — projected to increase by $ 700 million, in present value terms, over the 16 years of implementation according to the North Carolina projection.

The CREDO analysis also shows that Michigan's low - income students, who comprise the vast majority of charter students in Detroit, make modest achievement gains (less than a month of additional learning in math each year) compared to district schools, as do black and Hispanic students.

Additional district demographic information, including the proportion of the population aged 5 to 17 and the proportion of school - aged children living in poverty, comes from the U.S. Census Small Area Income and Poverty Estimates for most years.

Such an increase in debt, they note, «can be paid off with just a few years of the additional wage income ($ 7,000) that the average household is collecting each year» relative to 1992.

The research also reveals an additional loss of # 80 million every year in business rates income, as academies receive an 80 per cent business rates relief.

For example, the Florida Student Assistance Grant, which provides low - income students with an additional $ 1,300 grant on top of Pell Grant funds, increased six - year bachelor's degree attainment rates from 21 to 26 percent.

Where additional household income is not available, such as when educators do not have partners or families to partially support them, the educators themselves bear the cost of early years education.

In fact, according to an analysis by Urban Institute, students in Colorado's poorest districts receive only an additional $ 401 per student relative to more affluent districts, a ratio that has remained relatively unchanged for the past 20 years even as we get smarter about the impacts of income inequality and stratification across society.

If just a third of the 3,110 residents living in poverty in the South Ozone Park neighborhood of New York City in which I grew up had attended college for at least two years, they would triple their income and contribute at least an additional $ 20 million a year in income to their neighborhoods (and more if they reach the nation's median annual income).

Each year, schools receive additional per pupil funding based on the number of students that are classified as low - income, special education, English learners, or students in foster care.

Title I — using a comprehensive needs assessment process, funding is targeted at meeting the identified needs of children from low - income families and other disadvantaged groups, and for the already identified Priority Schools, supplying additional family and community engagement personnel and specialized training for principals, the first year, and other personnel in the following years based on needs.

And this year, we also celebrate the 50th anniversary of the Elementary and Secondary Education Act, which created a substantive federal role in education and provided additional federal resources for low - income students across the country.

State Superintendent of Public Instruction Tom Torlakson has given Los Angeles Unified a one - year reprieve from a ruling requiring the district to spend potentially hundreds of millions of additional dollars on English learners and low - income children to comply with the state's new school funding law.

WHEREAS, the ESEA Discussion Draft freezes funding for reauthorized programs for Fiscal Year 2016 through Fiscal Year 2021, eroding the investment of federal funding for public education that would result in reductions in services to student subgroups that require additional investments and support systems, including low - income, English learners, and students of color; and

For a middle - income family, the researchers estimated that an additional $ 100 in 529 savings would reduce the amount of aid they'd receive over four years by $ 15.

Boston: In Boston, low - income black and Hispanic students acquired more than a year's worth of additional learning in both math and reading compared to students in Boston Public Schools.

The 1099 reports your additional income in royalties during the first, second and third quarter of the current year and the fourth quarter of the previous year.