Sentences with phrase «during such taxable year»

Any amount payable under this paragraph shall be taken into account in computing the amount of any deduction allowable to the taxpayer for interest paid or accrued during such taxable year.

Not exact matches

Every person who acquires a life insurance contract or any interest in a life insurance contract in a reportable policy sale during any taxable year shall make a return for such taxable year (at such time and in such manner as the Secretary shall prescribe) setting forth --

If you have taxable compensation during the year - such as salaries, wages, tips, bonuses, commissions, and self - employment income - you're eligible to contribute to an IRA.

An IRS tax form Transamerica Funds will send you and the IRS if you had any taxable withdrawals from tax - deferred accounts such as IRAs during the year.

Medical, dental, etc., expenses (a) Allowance of deduction There shall be allowed as a deduction the expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, his spouse, or a dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof), to the extent that such expenses exceed 7.5 percent of adjusted gross income.