Sentence examples for standard deductions from inspiring English sources

(Personal exemptions and itemized or standard deductions reduce taxable income, making it lower than adjusted gross income).

They met with staff members to ask for changes to the tax code, which prohibits the businesses from taking standard deductions for expenses.

Not only was she not able to get proper financial services, but come tax time, none of the businesses standard deductions are allowed.

By raising standard deductions and expanding the earned-income tax credit, the Bush plan would boost the post-tax incomes of many low-income households.

While the IRS might be blind to standard deductions, it does have its sights trained on the growers' revenue and does collect tax on it.

Most people would see their tax bill fall in the short-term, as 80% of insurance premiums are below the proposed standard deductions.

To be more conservative, estimates of tax deductibility should subtract the standard deduction from mortgage interest paid.

"Itemizing" means adding up deductible expenses to determine whether the grand total exceeds the government's standard deduction.

This standard deduction is $9,300 in 2016.

Homeowners may also qualify for a plus-size standard deduction.

The law extends the additional standard deduction for property taxes.