Sentence examples similar to stated deduction from inspiring English sources

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.

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Roth IRAs contributions aren't federally tax deductible (sometimes there's a state deduction), but money can be withdrawn for college tax free.

HSBC rejects the clawback label – it uses the term "state deduction".

Take an immediate state deduction for the 529 contribution if your state offers one, and then watch the money grow free of taxes for years.

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.

The campaigners call the practice "clawback" - the bank calls it "state deduction" - and argue it was not properly described to them.

Image caption HSBC calculates it would cost £450m to stop the state-deductions.

After talks on the state deductions stalled, bill drafters turned their sights to retirement savings accounts.

SavingforCollege.com provides a guide that shows which states offer residents state tax deductions or credits for 529 plan contributions.

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.