Sentence examples for deduction amount from inspiring English sources

Under that proposal, a tax deduction would not be allowed to reduce a person's taxable income by more than 28percentt of the deduction amount.

It says the discounts and the deduction amount to a "goodwill gesture" of £539, and she will be paying less for a far bigger bundle.

Many small businesses leave a part of their tax refund on the table because calculating the deduction amount is ridiculously complicated.

"That way, you can claim the bigger standard deduction in 2008 and, by shifting what would otherwise be 2008 expenditures into 2009, put yourself in a better position to exceed the standard deduction amount next year".

You can deduct state and local sales and excise taxes paid on a new vehicle purchase as part of the standard deduction (in the form of an additional standard deduction amount) or as an itemized deduction, said Bob D. Scharin, senior tax analyst from the Tax & Accounting business of Thomson Reuters.

This filing status allows the second lowest overall taxes and standard deduction amount.

That means commuters who currently have more than $120 deducted pretax may want to consider adjusting monthly deduction amounts to $120 starting in January.

However, it increased personal exemptions and standard deduction amounts and indexed them to inflation.

But this year, the government greatly cut the deduction amounts, technically leaving families with more money to pay for college, even though state taxes have gone up, not down.

For those households, by the center's calculations, the tax benefit of the deduction amounts to about 1.5 percent of after-tax income.

As you might expect, opt for itemizing deductions only if their total would exceed those standard deduction amounts.