Payments that are deducted against federal and state taxable income.
describes business expenses, donations to charity, etc. that can be subtracted from taxable income.
An expense that can be deducted from annually reported income to reduce the amount of tax payments to the government.
An investment that can be deducted from a person's taxable gross income.
Interest paid yearly on a home mortgage are credited back to the home owner in the form of tax deductions.
Expenses or outlays that can be offset against tax assessable income.
A tax-deductible expense or contribution reduces your taxable income. To calculate the worth of a tax deduction, multiply the deduction by your income tax rate. For example, if you deduct $10,000 in mortgage interest expense and are in the 25 percent income-tax bracket, the tax deduction is worth $2,500. If you deduct $1,000 in contributions to a charity, the tax deduction is worth $250.
Payments that you may deduct against your federal and state taxable income, and includes the interest portion of your mortgage payments, loan points and San Jose home taxes.
An item or expense subtracted from adjusted gross income to reduce the amount of income subject to tax. Examples include mortgage interest, state and local taxes, un-reimbursed business expenses, and charitable contributions.
An expense that reduces taxable income. Each year, shareholders in cooperatives apartments are able to deduct a certain amount from their personal taxes. The amount is determined by the amount of shares that are owned.
Referring to an expense which can be offset against taxation liabilities.
Tax deductible refers to payments that you may deduct against your federal and state taxable income. The interest portion of your mortgage payments, loan points, and property taxes are tax deductible; your employment income is not
are payments that may be deducted against federal and state taxable income, the interest portion of your mortgage payments, points and property taxes are tax deductible.
A term that means deductions on a tax return are allowable by law. The Internal Revenue Service (IRS) allows individuals who itemize on their tax returns to deduct contributions to qualified charities. Because some limitations apply to what may be deducted, it is wise to seek the services of a professional advisor regarding all tax-related matters.
A type of expense that can be used to reduce taxable income.
Expenses that can be offset against tax obligations.
an expense that can be offset against assessable income.