Sentence examples for maintain a deduction from inspiring English sources

Moreover, once the reality of a Piketty-type wealth tax was understood, the rich might procreate more, because wealth in the form of children cannot be taxed away – which is why it would probably be better to tax income and maintain a deduction for philanthropic contributions outside of the family.

On Saturday, Brady gave ground on the planned elimination of the federal income tax deduction for state and local taxes — a provision that had put Republican House members from New York, New Jersey, California and other high-tax states on edge — agreeing to maintain a deduction for property taxes but not for income or sales taxes.

However, in most instances, accountants maintain, a deduction in the hand right now is better than two in the bush.

While deductions for state and local income taxes will still be eliminated, the new plan maintains a deduction for property taxes up to $10,000 ..

HOME OFFICE DEDUCTION This tax break is for self-employed people who work from home, regardless of whether that is full-time or sideline work, and for employees whose employers require them to maintain a home office.

And while the middle class will no longer be able to deduct state and local taxes, corporations will maintain this deduction.

Unlike the House, they maintain the deduction for medical expenses and provide "education relief" for graduate students.

The list ranges from the cellphone depreciation deduction to the cost of maintaining a safe deposit box at your bank to fees you pay to your investment adviser.

Even though the plan maintains a special tax break for homeowners called the mortgage interest deduction, other provisions of the framework would basically make it useless for all but the richest homeowners.

Now, I consider myself a progressive so I should be strongly in the camp of those vehemently arguing to maintain the charitable deduction.

Is it worth keeping the loan just to maintain the tax deduction or does it makes financial sense to pay it off?