Sentence examples for be deductible for from inspiring English sources

The advocate's office also recommended allowing all the itemized deductions that taxpayers claim on Schedule A of the Form 1040 to be deductible for A.M.T. purposes.

Regular health and medical insurance premiums can also be deductible for those under 65 who are unemployed.

He added that the federal tax code specifies the types of taxes that are deductible: for example, real property taxes and state income taxes are specifically deductible for people who itemize.

EQUITY FINANCE Because interest payments on corporate debt are deductible for corporate income tax calculations, this capital income is taxed only once.

The contributions are deductible for people not covered by a qualified retirement plan and for anyone within certain income limits: a phaseout range of $55,000 to $65,000 for single taxpayers and $89,000 to $109,000 for married couples filing jointly.

If you need to relocate for a new job, moving expenses are deductible for all taxpayers, as long as your new job is located at least 50 miles farther from your old residence than your old job was.

(Interest payments are deductible for corporate income tax purposes, while dividends are not).

(First, however, consider the tax angles, since mortgage interest is deductible for taxpayers who itemize).

Loans for substantial home improvements, such as adding a driveway, a new room or a porch or deck, are deductible, for example.

The trade tax changes the picture substantially, as it amounts to roughly 10% to 12% net (it is deductible for corporate tax purposes; gross, it is 15%).

The amount the company matched and/or profit-shared into his account (and all other employee accounts) is deductible for the business, too.