Sentences with phrase «benefit of the tax deduction»

You won't start to build equity for many years, so you should think about those mortgage payments as little more than rent with the added benefit of a tax deduction.

The contributor receives the short term benefit of the tax deduction for the contributions, while the annuitant, who is likely to be in a lower tax bracket during retirement, receives the income and reports it on his or her income tax and benefits return.

In choosing between a traditional and a Roth IRA, employees can weigh the immediate tax benefits of a tax deduction this year against the benefits of tax - deferred or tax - free distributions in retirement.

Aside from the standard benefits of a tax deduction, charitable trusts afford the following benefits:

Therefore, the syndrome can be applied right from the comfort of your easy chair, with the additional benefit of tax deductions for a «home business» with the largest room in your home used as «office space.»

It allows you to contribute high amounts on your employees» behalf while providing you with the added benefit of tax deductions.

Put another way, the benefits of this tax deduction can be summarized as follows.

A Roth IRA, on the other hand, offers tax - free withdrawals but you don't get the benefit of a tax deduction.

You are mistaken about the benefits of the tax deduction.

If you concentrate on reducing your credit card debt, you can still get the benefit of tax deductions on your other types of debt.

Also, with home equity loans you can get the benefit of tax deduction.

It is relatively difficult for many individuals to get the benefit of a tax deduction for medical expenses.

In states where there is no statutorily required spousal support, this change will prolong and raise the cost of litigation because it will be harder to get a monied spouse to agree to payments without the benefit of a tax deduction.

Who is going to get the benefit of that tax deduction?

Depending on certain conditions, the policyholders enjoy the benefit of tax deduction on the premiums paid.

With Birla Sun Life Mutual Fund, the investors can avail the benefit of tax deduction under section 80C of Income Tax Act 1961.

Moreover, it provides the benefit of tax deductions and is the perfect investment option for investors who want a fixed income at fixed time intervals.

As per the Income Tax Act 1961, investing in medical insurance is an important step, if you want to enjoy the benefits of tax deductions.

As per the domestic tax law, an individual can avail the benefits of tax deduction up to Rs. 15000, if he / she is paying medical insurance premium for Read More

Tax Benefit: Most of the Life insurance policies give you the benefit of tax deduction on premium payment and Tax - Free sum assured under Section 80 C and 10 (10) D of the Income Tax Act, respectively.

The dual benefit of insurance and investment in ULIP plans comes with the benefit of tax deduction under section 80C and 10 (10D) of the Income Tax Act, 1961.