Sentence examples for for a deduction of from inspiring English sources
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.
If you traveled 15,000 miles for work in a personal vehicle, for example, you would be eligible for a deduction of $8,325 at the Internal Revenue Service's standard rate of 55.5 cents a mile.
The justification for a deduction of this type is that medical expenses are not generally controllable and, when incurred above a certain normal level, reduce an individual's ability to pay taxes relative to others at the same income level.
It is appropriate to note that the differential inequality (66) is different from those used for a deduction of the estimates of Saint-Venant type.
The collated kinetic and molecular weight data allow for a deduction of the spin capturing constant, CSC, in the range between 0.15 and 0.30.
Although the investor will receive the same coupon income of $5.125 each year, he will be taxed on a reduced amount, since the tax code allows for a deduction of the bond premium.
According to a letter sent in June to the Senate Finance Committee, the company used a tax break for the oil industry to write off 70 percent of the rent for Deepwater Horizon — a deduction of more than $225,000 a day since the lease began.
Samuel also qualified for a deduction for business use of his home, because he converted the family den into a conservatory, which he uses regularly and exclusively for giving music lessons.
If an asset has been held for 12 months or longer, a deduction of 33% of the tax is applied.
Taxpayers with income less than $80,000 (or $160,000 for joint filers) can claim a deduction of up to $2,000, said Laurie Asch, a senior tax analyst in the tax and accounting business of Thomson Reuters.
A credit card company, supported by the federal government, said that only people making loan or lease payments should qualify for a standard deduction of $471 a month over five years.
