Sentence examples for deductions off from inspiring English sources

Learn what the can take deductions off of, what they can't and what you can do to improve.

This kind of automatic deduction ("check off") does not cost the government anything.

Families get tax cuts, deductions, write-offs, etc., while single-household residents receive very little, if anything.

Those tax incentives — a collection of deductions, write-offs and credits mostly devised for other industries in other eras — now make video game production one of the most highly subsidized businesses in the United States, says Calvin H. Johnson, who has worked at the Treasury Department and is now a tax professor at the University of Texas at Austin.

A deduction comes off your income and can translate into savings of maybe $700.

Before 2006, homeowners were restricted to a 30percentt deduction off of their adjusted gross income, but the new tax rule allows for a deduction of up to 50percentt.

The problem is that when you take one popular deduction off the table, that becomes the best possible argument for keeping the next most popular deduction or exclusion and so on.

If the Horovitzes take a standard deduction off income of $450,000, then according to the Tax Policy Center calculator, they will pay $121,576 under the newly enacted American Taxpayer Relief Act, a few hundred dollars more than if the Bush tax cuts had remained in place.

Since filing for bankruptcy, Kmart has been telling at least some manufacturers they can either be paid 60 days after they deliver their wares, or 30 days after delivery if they agree to give a 3percentt deduction off the cost of goods, said Jerry Sandak, a director of Rosenthal & Rosenthal, which lends money to manufacturers.

Each year, if a company loses money, it can claim the losses as a deduction off of its future taxes.

For the rest of 2005, people who purchase a hybrid can take a one-time $2,000 tax deduction off their federal income tax.