Sentences with phrase «serve as a tax deduction»

That money should be listed on Schedule D, and it will serve as a tax deduction.

The bonus can then be used to fund life insurance coverage for them and their families, and may serve as a tax deduction for your business if you write it off as employee compensation.

Not exact matches

The use of syndicated easement deductions has exploded in recent years, according to Brookings Institution economist Adam Looney, who began researching the subject while serving as a top tax official in the Obama Treasury Department.

Its main purpose is to serve as a base rate for individuals to calculate a tax deduction for their unreimbursed driving expenses.

This law provides federal tax deductions to good faith donors and serves as a financial incentive for U.S. businesses.

Rep. Brian Higgins, a Buffalo Democrat, said he opposed the compromise on the SALT deduction because it merely serves as a protective cover for a regressive tax plan that will hurt most taxpayers.

HSAs may serve as a good option for higher income earners that max out their qualified retirement plans through work and are still looking for a tax deduction

Odometers have always served as the measuring device for resale value, rental and leasing charges, warranty limits, mechanical breakdown insurance, and cents - per - mile tax deductions or reimbursements for business or government travel.

The form 16 comprises of two parts, Part A and Part B. Part A serves as the proof of Tax Deducted at Source (TDS) deduction by the employer.