Sentences with phrase «effectively getting a tax deduction»

Not exact matches

And the company gets a deduction for the match, effectively reducing the cost of the match by about 1/3, a typical marginal tax rate.

Fill out Canada Revenue Agency's Form T1213, «Request to Reduce Tax Deductions at Source» to effectively get your tax refund right awTax Deductions at Source» to effectively get your tax refund right awtax refund right away.

You'll get a tax deduction on that money, so you effectively are delaying paying income tax.

But the $ 24,000 he puts into the traditional 401 (k) also gets him a tax deduction, which at a 33 % pre-retirement tax rate effectively frees up $ 7,920 he can invest in a separate taxable account.

Of course, the discussion could get more and more complicated: the 5 % mortgage interest savings is better than a comparable 5 % dividend, since it is effectively a non-taxable return (people enjoying Mustachian retirements are in a low enough tax bracket that they don't benefit from the US mortgage interest deduction).