Sentence examples for deduction limit from inspiring English sources

Under the Tax Cuts and Jobs Act, the SALT deduction limit does not impact a business's ability to deduct an unlimited amount of taxes paid; a point the legislation explicitly went out of its way to make.

A deduction limit also doesn't raise very much money.

Taken on its own, the deduction limit wouldn't make a huge difference.

That number does not take into account the president's proposed 28 percent deduction limit.

But for most passenger cars, the first-year deduction limit is $3,160.

Nevertheless, performance-based compensation programs, which are not subject to the deduction limit, would likely remain the norm, driven by the expectations of institutional shareholders.

In addition, while most other businesses will find their interest deduction limited under the Senate bill, that limitation doesn't apply to landlords, who can continue to deduct their mortgage interest in full.

"Three different deduction limits apply.

Still, there are situations where certain middle-income earners do get hit by deduction limits.

High earners would be hit most by deduction limits, something that might make Republicans recoil.

It remains to be seen if this will change in 2022 when the deduction limits become more restrictive.