- G. S. 105-153 - North Carolina General Assembly
For spouses filing as married filing separately or married filing jointly, the total mortgage interest and real estate taxes claimed by both spouses combined may not exceed twenty thousand dollars ($20,000)
- North Carolina Child Deduction - NCDOR
G S §105-153 5 (a1) allows a taxpayer a deduction for each qualifying child for whom the taxpayer is allowed a federal child tax credit under section 24 of the Internal Revenue Code The deduction amount is equal to the amount listed in the table below based on the taxpayer's adjusted gross income ("AGI"), as calculated under the Code:
- G. S. 105-153 - ncleg. net
(Effective for taxable years beginning before January 1, 2022) Tax – A tax is imposed for each taxable year on the North Carolina taxable income of every individual The tax shall be levied, collected, and paid annually The tax is five and one‐quarter percent (5 25%) of the taxpayer's North Carolina taxable income
- North Carolina General Statutes § 105-153. 5 (2021) - Justia Law
The addition under this subdivision is not required to the extent an addition is required under G S 105-153 5 (c) (6) The purpose of the adjustments made under this subdivision is to decouple from the net operating loss carryback provision of section 2303 of the CARES Act
- Chapter 105 - Taxation. - North Carolina General Assembly
Reenacted and recodified as G S 105-153 11, effective for taxable years beginning on or after January 1, 2025, for donations made on or after January 1, 2025, and expires for taxable years beginning on or after January 1, 2027, for donations made on or after January 1, 2027
- Chapter 105
Under Article V, Section 2(1), of the North Carolina Constitution, this power cannot be surrendered, suspended, or contracted away In the exercise of this power, the General Assembly may amend or repeal any provision of this Subchapter in its discretion
- Bonus Asset Basis - NCDOR
Taxpayers are allowed a bonus asset basis adjustment under G S §105-153 6 (e) if an asset is transferred and the tax basis of the asset carries over from the transferor to the transferee for federal income tax purposes
- North Carolina General Statutes 105-153. 5. Modifications to adjusted . . .
Mortgage: The written agreement pledging property to a creditor as collateral for a loan Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period
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