Sentences with phrase «specified under the tax laws»
In order to pick out the right ITR form, you need to know the tax slab, which is applicable depending on the salary break - up or the income types specified under the tax laws.
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Under current law, taxpayers can put a specified amount in 401 (k) retirement savings plans without paying taxes upfront.
The tax law also allows for 529 plan accounts balances to be rolled over to ABLE accounts without penalty under specified circumstances.
Bonus depreciation is specified in the tax law and allows for taking more depreciation sooner than is generally permitted under ordinary depreciation rules.