tax

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Related to Tax brackets: head of household, Tax deductions

tax

Vox populi Monies paid to a governing body. See Dean's tax, Fat tax, Provider tax, Sin tax.

tax,

n a ratable portion of the proceeds or value of the property and labor of the citizen; any contribution imposed by government for the use and service of the state.

tax brackets,

n.pl the income intervals of the graduated income tax law that establish the rate of tax for each level of income.

Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA),

n.pr legislation (Public Law 97-248) affecting health maintenance organizations and the Medicare and Medicaid programs. Provides regulations for the development of HMO risk contracting with the Medicare program and, through an amendment, establishes new provisions for the foundation and operation of peer review organizations.

tax planning,

n making business and investment decisions based on estimated income and current and projected tax laws.

tax shelter investments,

n.pl investments that reduce, remove, or defer income from state and federal income tax liability.

References in periodicals archive ?

In many cases this does work out (especially if the combined tax bracket is greater than 25%); however, each client's situation is unique and must be considered separately.

An Unconventional Approach to Asset Location

Tax bracket projections are provided for illustrative purposes only, and should not be used for income tax returns or other federal income tax related purposes until confirmed by the IRS later this year, and as subject to amendment by Congress during 2017.

Netherlands : New Inflation Estimates from Wolters Kluwer Offer First Look at Impact for Taxpayers in 2017

6% Tax Bracket $759 $3,461 $3,724 35% Tax Bracket $870 $3,635 $4,340 33% Tax Bracket $(792) $118 $2,883 28% Tax Bracket $(672) $(672) $(672) 25% Tax Bracket $(600) $(600) $(600) Itemized Deductions of $8,000 2 4 6 Exemptions Exemptions Exemptions 39.

The standard deduction or itemized? When the AMT is involved, the choice between the two isn't as straightforward

ATRA raised tax rates on individuals, estates, and trusts by raising the maximum tax bracket from 35% to 39.

Avoiding the squeeze: trusts, estates, and the new ATRA tax regime: higher income tax rates and the net investment income tax change the rules for trust and estate planning

Conversely, if the value of the IRA decreases to $50,000, then the taxpayer's adjusted tax bracket becomes a confiscatory 60% ($30,000/$50,000).

Before converting, consider the big picture: thanks to a repeal of income limits, many more people are now eligible to convert their traditional IRAs into Roth IRAs. But before you urge clients to switch, take an in-depth look at several important factors

If you'd be in a lower tax bracket next year, you may wish to accelerate your deductions into this year and postpone your income into the following year.

Year-end tax planning (part 2)

This prevented shifting income to a child's return to take advantage of lower tax brackets.

TIPRA covers some issues, neglects others

Because she is in the 15% tax bracket, she would only pay 5% capital gains tax on the proceeds and can qualify for Lifetime Learning Credit (a tax credit of up to $2,000 per family toward post-secondary expenses), says Fulbright.

Avoiding year-end tax traps: making the right moves before December 31 can shave thousands off your bill to Uncle Sam

The second way of negating bracket-creep involves regular re-adjustments of the income tax brackets in order to overcome the effects of inflation.

The steady increase in income tax collections through bracket-creep. (Editorial Comment)

Homebuyers in lower tax brackets who invest conservatively won't fare as well under the 30-year mortgage scenario.

30-Year Mortgages Are Good Investments

It did the same thing for individual investors by increasing the new highest tax brackets to 39.

Tripping the tax man

The Franchise Tax Board (FTB) today announced state tax brackets set for the 2007 tax year may reduce the amount some California taxpayers will pay in personal income taxes next year.