Sentence examples for allows for a deduction from inspiring English sources

Before 2006, homeowners were restricted to a 30percentt deduction off of their adjusted gross income, but the new tax rule allows for a deduction of up to 50percentt.

Although the investor will receive the same coupon income of $5.125 each year, he will be taxed on a reduced amount, since the tax code allows for a deduction of the bond premium.

The collated kinetic and molecular weight data allow for a deduction of the spin capturing constant, CSC, in the range between 0.15 and 0.30.

It would restore the Child Adoption Tax Credit left out of the previous version and allow for a deduction of moving expenses available to active-duty military members.

A nearly identical bill that would have allowed for a deduction of up to $2,000 for fitness costs was proposed in 2015, and that bill went nowhere.

Starting with the 2013 tax year, the IRS instituted a simpler calculation that allows for a standard deduction of $5 per square foot of your home used for business, up to 300 square feet.

The second allows for a one-year depreciation deduction of 50percentt of the cost of the property, in addition to regular depreciation on the remaining cost.

(Current law allows for a 30% of AGI deduction limit and a five-year carryforward). The proposed deal includes a new provision that would permit Alaska Native Corporations to deduct donations of conservation easements up to 100% of taxable income.

That avoids capital gains tax on the stock and allows for an income tax deduction for the fair market value of the assets contributed.

While there is no federal deduction upon funding the plan (some states such as NY allow for a small deduction), the fact that the income can be used tax-free is a substantial benefit.

As part of the efforts to revive the housing market, Congress passed a law allowing for a tax deduction for the cost of PMI for homes (and vacation homes) beginning in 2007.