Sentence examples for value of deductions from inspiring English sources

The value of deductions and personal exemptions was phased out for upper-income taxpayers.

With lower tax rates, the value of deductions for mortgage interest will slide.

Mrs. Clinton's plan would also cap the tax value of deductions and exemptions at 28percentt and raise the estate tax.

*Provisions in the current tax law that reduce the value of deductions and personal exemptions for wealthy people would gradually be repealed.

It's worth noting that Mr Obama's budgets proposed capping the value of deductions for upper income households at 28%, which would have raised $584 billion over 10 years.

Other lawmakers and some advocacy groups warned that the limits could cut donations to already struggling charities by reducing the value of deductions for contributions from donors in the upper tax brackets.

The Trump plan would increase the standard deduction and limit the value of itemized deductions.

That's because the new tax bill nearly doubles the standard deduction and limits the value of other deductions, such as for state and local taxes.

With itemized deductions, the value of the deduction increases as you move into a higher tax bracket.

Trump did carve out a protection that would allow people to deduct charitable contributions and mortgage interest but reducing the value of itemized deductions means fewer people will take advantage of the breaks that still exist.

That is the value of tax deductions that the government gives out in exchange for donations.