Sentences with phrase «deductible under the new tax law»

Evaluate entertainment expenses: Businesses may want to examine what entertainment expenses they incurred and determine how to focus more on those expenses that are deductible under the new tax law.

Charitable donations are still going to be deductible under the new tax law, but with the loss of the state income tax deduction and the doubling of the standard deduction, many people will be claiming the standard deduction instead of itemizing in the future.

The part of the loan that's used on the house to fix something or improve it remains deductible under the new tax law.

Not exact matches

A report in Sunday's New York Times said Democrats in some states, perhaps including Governor Cuomo, were considering proposals to «replace state income taxes, which are no longer fully deductible under the new [federal] law, with payroll taxes on employers, which are deductible.&raqNew York Times said Democrats in some states, perhaps including Governor Cuomo, were considering proposals to «replace state income taxes, which are no longer fully deductible under the new [federal] law, with payroll taxes on employers, which are deductible.&raqnew [federal] law, with payroll taxes on employers, which are deductible.»

Under the new federal tax law, employers» state and local taxes would remain deductible.

That means donations are tax - deductible, and, under New York State law, it need not disclose donors.

Under the new tax law, all mortgage interest on a loan under the $ 750,000 loan amount cap that is categorized as acquisition indebtedness — i.e. the funds were used to buy, build, or improve your home — remains tax deductUnder the new tax law, all mortgage interest on a loan under the $ 750,000 loan amount cap that is categorized as acquisition indebtedness — i.e. the funds were used to buy, build, or improve your home — remains tax deductunder the $ 750,000 loan amount cap that is categorized as acquisition indebtedness — i.e. the funds were used to buy, build, or improve your home — remains tax deductible.

Is mortgage interest still deductible for home equity lines of credit under the new tax law?

The Internal Revenue Service (IRS) has issued a news release clarifying that in many cases, interest paid on home equity loans remains deductible under the new tax reform law.

The IRS has issued a news release clarifying that in many cases, interest paid on home equity loans remains deductible under the new tax reform law.