Sentence examples for state deduction from inspiring English sources

These are like special purpose Roth IRAs contributions aren't federally tax deductible (sometimes there's a state deduction), but money can be withdrawn for college tax free.

Unless you have claimed a state deduction that's being recaptured, you can normally roll over your funds to another state for a $25 to $75 administrative exit fee.

Moreover, while you get no federal or state deductions for contributions to a Roth, 34 states and the District of Columbia give residents a state income tax break for at least some of what they put into a 529.

You want to continue the flow and, in one respect, it was very impressive that they could go on at all.' Because the referee stopped the fight, as it were, rather than the performers, they were granted very generous interpretation of rule 353, which states: 'Deductions are applied for each violation as follows: -1.0 for every fall.

Only the account holder, however, will receive a state tax deduction.

In addition, the contributors may be eligible for a federal and state charitable deduction.

Turns out you can generally still get your state tax deduction even if you haven't kept money in a 529 plan for years and years.

You may want to invest at least enough in it to grab a state tax deduction.

That wasn't good enough for a state AMT deduction, the Minnesota Tax Court ruled in December.

In that case the state tax deduction only reduced your taxable income in the previous year by $500 and only $500 of the refund belongs in income this year.

She also called on legislators to repeal a state tax deduction on capital gains, and to pass a bill that would bring in more tax revenue through gambling.