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The Senate Finance bill limits the deductibility of outsized medical bills making them deductible only to the extent they exceed 10% of a family's adjusted gross income, up from 7.5% under the current law.
Besides, Congress stripped away the deductibility of personal travel for executives in 2004 by allowing companies to deduct from taxes only the rough amount of a first-class ticket, far less than private jet travel costs.
If the deductibility of the HSA is attractive, making all health insurance premiums fully deductible is more so.
The obvious way is to get rid of the deductibility of corporate interest.
And there are different income tax regulations relating to the deductibility of meals and other issues".
In 1962, it placed limits on the deductibility of business entertainment generally.
It is time for tough caps to be set on the deductibility of C.E.O.
That is more than the cost of the deductibility of home mortgage interest, according to the Employee Benefit Research Institute.
Reinstating the deductibility of the sales tax would also benefit primarily lower- and middle-income taxpayers who itemize their deductions.
The Internal Revenue Code has a limitation on the deductibility of executive compensation by companies of $1 million.
They warn that changes in the deductibility of interest would handicap American acquirers & give an edge to foreign ones.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com