Sentence examples for current deductions for from inspiring English sources

To many taxpayers, it's one of those teeth-gnashing provisions of the tax code, seemingly even more unfair than, say, the lack of symmetry by which the government takes a chunk of an unlimited amount of stock-market gains while denying current deductions for net losses of more than $3,000 a year.

Of special concern are relief from taxation on mortgage debt forgiveness by lenders in most states, plus current deductions for mortgage insurance premiums and energy-saving home improvements.

Likewise, the bill eliminates the current deduction for state and local income tax payments and permits taxpayers to write off only $10,000 of their property taxes.

The new tax bill should include provisions that give employers credits in addition to the current deduction for employee compensation to legal United States residents.

He suggests replacing the current deduction for retirement saving with, say, an 18 percent matching contribution from the federal government for every dollar put into a tax-preferred retirement account.

The commission suggests replacing the current deduction for mortgage interest, which in America's progressive tax system benefits rich borrowers more than poorer ones, with a flat 15% tax credit on mortgages up to a certain limit.

The budget measure passed over the loud protests of House members from New York and New Jersey, who worry that the blueprint will doom the current deduction for state and local taxes — a benefit of great importance to taxpayers in their states.

For many of his clients, Kent says, claiming current deductions makes more sense than accumulating passive losses they might not be able to use for years.

You won't be able to book losses, but you will be able to claim current itemized deductions for a big chunk of the mortgage interest and taxes.

He says because current tax deductions for non-qualified stock options are based on the difference between the exercise price and market price; that is, after appreciation has occurred.

This is similar to such investments as whole-life and other cash-value life insurance policies where no current deduction is available for contributions, but earnings are allowed to grow tax-deferred.