Sentence examples for deduction only from inspiring English sources

The majority first attempts to distinguish Nyquist on the ground that Minnesota makes all parents eligible to deduct up to $500 or $700 for each dependent, whereas the New York law allowed a deduction only for parents whose children attended nonpublic schools.

Unlike the situation with the deduction, only new equipment — not used — qualifies for accelerated depreciation.

Under the new law, taxpayers can take a deduction only on up to $10,000 in payments.

The limitation on the mortgage interest deduction only applies to mortgages entered into after Dec. 14, 2017.

At the same time, the District of Columbia's Office of Tax and Revenue extends the homestead tax deduction only to properties that are primary residences.

Although wealthy Americans disproportionately benefit from the mortgage interest deduction, only 1 percent of Americans believe high-income homebuyers should receive federally subsidized home loans.

His administration hopes to eliminate most tax deductions, only allowing taxpayers to deduct contributions to charity and interest on their mortgages.

His administration hopes to eliminate most tax deductions, only allowing taxpayers to deduct contributions to charity and interest on their mortgages.

But he did get into specific deductions, only to name ones he would not want eliminated.

The total amount of deductions claimed could be limited by a dollar amount, they could be limited to a certain percentage of income, there could be floors that allow deductions only over a certain amount and various other schemes.

That is because the Tax Reform Act of 1986 allows deductions for unreimbursed medical expenses only to the extent that they exceed 7.5percentt of adjusted gross income, miscellaneous itemized deductions only above 2percentt and casualty losses above 10percentt.