Sentence examples for deduct on from inspiring English sources

The state expects to raise $120 million next year by limiting the amount that millionaires can deduct on their state tax returns.

AS TREASURER of his four-apartment co-op in Brooklyn Heights, Mr. Inemer collects the maintenance, pays the bills and notifies shareholders of the share of real estate taxes and mortgage interest paid by the co-op that they can deduct on their tax returns.

Mr. Shernicoff said that for co-op shareholders to get the same tax benefits other homeowners receive -- including being able to deduct on their tax returns their share of property taxes and the interest they pay on share loans -- the co-op must derive at least 80percentt of its income from tenant shareholders.

Among the ideas under study are additional tax breaks for individual investors, like increasing the amount people can put into tax-deferred retirement plans; increasing the amount people can deduct on their taxes from investment losses; increasing business tax breaks for investment; and possibly reducing taxes on corporate dividends.

Wisconsin lets live donors deduct, on their state income tax returns, expenses related to donating an organ, such as transportation and medical expenses.

When you factor in my state and property taxes, which I can't deduct on my federal return because of the alternative minimum tax, my taxes have risen quite a bit.

Home offices that are required by employers can be deducted on employees' tax returns as miscellaneous itemized deductions, to the extent that they exceed 2percentt of the taxpayers' adjusted gross income.

Contributions to these accounts can't be deducted on your federal return, but 19 states grant residents an income tax deduction for contributions to their plans.

City property tax can be deducted on state and federal returns.

They may also have second homes, and under the current rules, mortgage interest may be deducted on those as well, up to a cap of $1 million in debt.

An article on April 11 about mortgages misstated the amount of interest on home loans that can be deducted on federal taxes.