Askyour CPA
about deductibility of the interest on your credit line.
There is some uncertainty
about deductibility where parties sign a separation agreement in 2018 and divorce in 2019 or thereafter.
Recent posts include discussions
about deductibility of divorce - related payments, modifying child custody, and alternatives to bitter divorces.
If you are ever unsure
about the deductibility of an expense, always ask an attorney or an accountant for advice.
So who cares
about the deductibility unless you already have a high interest loan.
Consult your tax advisor
about deductibility of interest.
Consult a tax advisor
about the deductibility of interest.
Not exact matches
Cuomo had promised to provide details in Tuesday's budget address
about his proposal for a new payroll tax and a novel use of charitable contributions to help offset a new federal cap on the
deductibility of state and local taxes.
Cuomo in recent months has been outspoken
about the federal tax cut plan hurting high - tax blue states like New York and California by severely restricting the federal
deductibility of state and local income and property taxes.
The state action would do nothing
about changing the provision in the federal tax act that would severely restrict the federal
deductibility of state and local property and income taxes.
«If you add on top of it disadvantaging our taxpayers with this double taxation if they would lose this
deductibility of state and local taxes, you're talking
about a triple whammy to hit New York state.
«He was knowledgeable
about the issue of state and local
deductibility, which is a very big issue.
Stefanik also harbors concerns
about the elimination of key deductions, including those for student loan interest, health care expenses and the limits placed on mortgage
deductibility.
A plurality of 45 percent says they will be
about the same financially as a result of the new tax law — which cuts federal tax rates but curbs
deductibility of state and local taxes — while 33 percent say they will be worse off, and only 15 percent say they will be better off financially.
For home equity loans and lines of credit (1) Maximum loan amount depends on home value and total loans secured by home (2) Property insurance required (3) Consult your tax advisor
about tax
deductibility (4) Closing costs are $ 149 for home equity loans and home equity lines of credit plus cost of appraisal, if needed, and can range from $ 400 to $ 700 (5) No annual fee for qualified credit (6) For balloon products, balance might not be paid in full by end of term.
I searched CRA web site
about tax
deductibility of the interest on investment loan when the investment distributes ROC, but I couldn't find any references.
There are also discussions
about removing the
deductibility of state taxes, which would further reduce the value of the mortgage deduction (for the inverse of the reasons you mention above.)
Around this time of the year, we are frequently asked
about the tax
deductibility of investment management fees.
Consult a tax advisor
about tax
deductibility.
If we assume there will be
about 8 % charge - offs, that the charge - offs losses are «bad debt» and therefore short - term capital losses, and if you're in the 25 % tax bracket, and if we assume your capital losses will offset capital gains, then having the investment in an IRA and losing the
deductibility of the short term losses would cost 2 % (8 % * 25 %) of tax benefit.
Please contact a CCU representative for additional information; consult your tax advisor
about the possible
deductibility of interest.
I suspect that now they are going to do something
about it because capping the
deductibility of state and local taxes (SALT, as it is known) has the potential to result in a population migration so large that it would result in profound economic and social changes.
Yes, there is a great deal of talk in the current Congress
about eliminating or reducing the
deductibility of the home mortgage interest.