Sentence examples for total deduction from inspiring English sources

Those households accounted for less than 5percentt of all filers in 2015, but took nearly 50percentt of the total deduction that year.

If he sells the home later, depreciation claimed earlier, but not other expenses, will be recaptured and taxed at 25 percent.The total deduction for his home office is $3,651 (Line 34).

On the other hand, if your total deduction for noncash contributions is more than $500 ,you'll need to complete form 8283. There, you'll need to enter the information about each item, and attach it to your form 1040.

* Mean deduction is the total deduction amount received by the income group divided by the number of returns in that group, including those that did not receive the deduction.

The total deduction, however, cannot exceed 80percentt of inmates' wages.

The bill would cap the total deduction at $1,000 (if married filing jointly, $500 if single).

Between 1988 and 1997, Mr. Pirro's companies improperly deducted $364,617 out of $13,034,193 in total deductions -- or 2.8percentt, said the agent, John Dennehy.

But under intense cross-examination from Robert J. Giuffra Jr., one of Mr. Pirro's lawyers, Mr. Dennehy acknowledged that after several years of investigations, the government concluded that Mr. Pirro's companies had improperly deducted only $884,798 out of $16.35 million in total deductions, or 5.4percentt.

The total deductions thus may exceed the cost of an eligible asset over its lifetime.

During the election campaign, Mitt Romney proposed paying for big marginal rate cuts by setting a cap on total deductions.

If total deductions are limited to $25,000, however, many people will use up that amount through the mortgage interest deduction, removing the tax incentive to donate.