Your English writing platform
Discover LudwigExact(7)
Imagine that a $10 million company has 495 employees and can take a $2 million income deduction.
Even the handful of provisions helping ordinary families, such as an increase in the personal income deduction, will deliver modest gains.
The Secretary shall prescribe rules which reallocate items of income, deduction, credit, exclusion, or other allowance to the extent necessary to prevent the avoidance of tax imposed by reason of this paragraph.
If a passive activity involves the use of a dwelling unit to which section 280A(c)(5) applies for any taxable year, any income, deduction, gain, or loss allocable to such use shall not be taken into account for purposes of this section for such taxable year.
○ financial and fiscal incentives (e.g., the Belgian patent income deduction regime).
Some of the clever moves to exploit the 20% Qualified Business Income deduction will have bad SALT implications that will not be recognized until too late.
Similar(53)
"Virtually all of us benefit from certain exclusions from income, deductions from income or tax credits".
THE 1040 AT A GLANCE Form 1040 is a summary of income, adjustments to income, deductions and credits.
Form 1040 is a summary of income, adjustments to income, deductions and credits.
Filling Out the 1040 Form 1040 is a summary of income, adjustments to income, deductions and credits.
This shows all the different types of income, deductions and credits you will need to address, in list form.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com