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Would a business investing in a bond be entitled to an immediate deduction for such purchase?
Would these corporations get an immediate deduction for the undepreciated amount of the asset?
They include an immediate deduction of $7,500 (Line 13) for computer equipment.
Businesses would be taxed on their cash flow, taking an immediate deduction for investments rather than depreciating them over time.
The giver gets an immediate deduction for the gift, but not for the full amount because the charity will not collect immediately.
The Blueprint provides for an immediate deduction for capital expenditures (other than land) in lieu of depreciation deductions and interest deductions.
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Or it could budget for a delay in fees to court-appointed private lawyers, thus lessening the need for immediate deductions.
A bill that would allow firms to take immediate deductions on investments accounts for most of the cost.
You wind up with an immediate $250 deduction in lieu of a $500 tax deduction in 2021.
Contributions to these funds generate an immediate tax deduction.
Contributions to the foundation receive an immediate tax deduction.
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