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The bill would also increase the standard deduction for all married couples.
Should I give him the deduction, for all his hard work?
We would all be better off if the government gave a tax deduction for all educational expenses.
What they will get is the benefit of an income tax deduction for all or part of the donation.
It would increase the standard deduction for all couples by an additional $500 in 2005, and by $250 for single filers.
The law also dilutes the value of the mortgage deduction by doubling the standard deduction for all taxpayers, to $24,000 for couples and $12,000 for individuals.
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Lawmakers, including Sens. Max Baucus (D-Mont). and Charles E. Grassley (R-Iowa), have introduced legislation to deny deductions for all punitive damages.
The House bill, which was passed last December, would maintain deductions for all I.R.A.'s; the Senate bill, as it stands now, would allow such deductions only to taxpayers not covered by company pension plans.
Mr. Dole, arguing that the bill should be passed without amendments, proposed that controversial matters such as preserving deductions for all Individual Retirement Accounts and sales tax payments be left to a Senate-House conference committee to resolve.
"If it weren't for the government, the economy would be stronger," said Mr. Daco, citing the spending cuts hitting now, as well as the higher Social Security deductions for all workers and increased income taxes for top earners that began in January.
According to the mining industry's argument, enthusiastically adopted by conservative politicians including the resources minister, Matt Canavan, environmental groups should not be able to claim tax deductions for all the donations they get from members of the public who want to support their campaigns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com