Sentences with phrase «deductible amount equals»

Not exact matches

If the loan origination fees are expressed as «points,» each of which equal one percent of the loan amount, the fees are tax deductible.

With a hypothetical $ 6,000 in deductible medical expenses, subtracting your $ 5,000 base amount from the $ 6,000 in expenses equals $ 1,000, which is your deduction should you itemize rather than take the standard deduction.

Each point is equal to 1 % of the loan amount, and points may be tax - deductible.