Sentences with phrase «about deductibility»

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.
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