Sentence examples for qualified for deduction from inspiring English sources

Most of the costs that previously qualified for deduction were to be capitalized and deducted against future income from the forest in a “cost of bush” account.

By donating his art to his private foundation, Mr. Lauder has qualified for deductions worth tens of millions of dollars in federal income taxes over the years, savings that help defray the hundreds of millions he has spent creating one of New York City's cultural gems.

Sidney Kess, a New York lawyer and certified public accountant, pointed out that sometimes one spouse qualifies for deductions based only on his or her income, but that the couple would not qualify if they filed jointly.

As a single parent, you should qualify for deductions on child care and other expenses.

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.

Contributions to tsunami relief in January 2005 qualified for a deduction in 2004.

You need to exceed 2percentt of your adjusted gross income (together with job-related expenses and other miscellaneous deductions) to qualify for this deduction.

Samuel also qualified for a $3,326 deduction for business use of his home (Line 30), because he uses one room for an office where he meets clients and does administrative work.

The kicker is, these services would otherwise fall under the 199A deduction, but because a lawyer owns 51% of the stenography company it will not qualify for its deduction.

Replanting costs qualified as revenue deductions and expenditures under Schedule 3. Further changes in definitions so that replanting costs could qualify for revenue deduction.

For 1997 and later years, long-term health care costs may qualify for a deduction.