Sentences with phrase «take advantage of the deduction if»

For instance, entrepreneurs with service businesses — including doctors, lawyers and financial advisors — may not be able to take advantage of the deduction if their income is too high.

If you are currently in the repayment phase, there is no reason not to take advantage of the deduction if you are eligible.

Not exact matches

And thanks to a $ 7,500 tax credit from the federal government for green vehicles, and the IRS» mileage deduction, Turner expects the CitEcar to pay for itself within three years and then actually start making money if he takes advantage of the mileage write - off.

If you're itemizing deductions, instead of taking the standard deduction, you want to take advantage of other tax deductions, too.

But given that the tax bill severely curtails the state and local deduction for most if not all individuals, many more taxpayers could take advantage of state - level initiatives that essentially reclassify state and local tax payments as federal charitable contributions.

Even if your child is a teen, you can still take advantage of tax deductions and tax - free withdrawals.

If you're looking to take advantage of the Section 179 Deduction while there's still time, come into Larry Roesch Chrysler Dodge Jeep RAM right away!

Also, if you don't earn enough to take advantage of the full deduction it is not provided as a «rebate.»

If we are eligible for a deduction, there is no reason not to take advantage of it to the fullest extent.

As a good rule of thumb, high - yield investments or investments that produce high dividends should be in an IRA / 401 (k) whereas low - yield investments, tax - exempt bonds and international investments (if you pay foreign taxes, to take advantage of the foreign taxes paid deduction) is better placed in a taxable account.

As you have already known the 2011 tax deadline is April 17th, which means it's not only the due date to file 2011 income taxes, but also the last day to make 2011 IRA contributions and take advantage of last year's tax deduction, if eligible, not to mention saving for the future.

Subject to certain conditions, if you sell or transfer a qualified farm property, you can take advantage of a capital gains deduction with respect to the capital gain on the sale or transfer.

So long as our taxable income (which in retirement will be the amount we convert from our Traditional IRA to our Roth IRA and dividends from our taxable account if over and above our deductions and exemptions) is below that threshold, we can and will take advantage of the 0 % long term capital gains tax by selling our highly appreciated assets in our taxable brokerage account.

If you are in the 25 % tax bracket for 2017 (income of $ 37,950 to $ 91,900) this deduction can be worth up to $ 625 each year for you, so it is worth understanding and taking advantage of.

If you own your home, take advantage of tax deductions for amounts you paid towards prepaid interest, property taxes, and mortgage insurance.

If you qualify for any tax credits or tax deductions, you will want to take advantage of them.

Ensure that you take advantage of all available deductions, including automobile expenses, parking, business association fees, home - office expenses (if you qualify), entertainment, convention expenses (a maximum of two per year), cell phone, depreciation on your computer and salaries paid to assistants, including family members.

If you went to an accredited university and meet some other requirements you can take advantage of the tax deduction, then turn around and use that money to pay down your loans.

If a person plays his cards right, he could drastically reduce his tax by taking advantage of these deductions.

If you're new to preparing your own income tax return, or if you just want to make sure you're taking advantage of every deduction that you're entitled to, this article is for yoIf you're new to preparing your own income tax return, or if you just want to make sure you're taking advantage of every deduction that you're entitled to, this article is for yoif you just want to make sure you're taking advantage of every deduction that you're entitled to, this article is for you.

52.1 % said that they would take advantage of payroll deduction for a 529 plan if available.

If you earn income, take full advantage of all tuition and school expense deductions on your tax return and consider putting any refund immediately towards reducing your debt even further.

If you travel for work, as many attorneys do, make sure you're taking full advantage of the tax credits and deductions available to you.

If that tax deduction is something you'd like to take advantage of, you'll need to stay super diligent if you're making the move without professional helIf that tax deduction is something you'd like to take advantage of, you'll need to stay super diligent if you're making the move without professional helif you're making the move without professional help.

Remember, though, that there are ways to reduce your taxes if you're smart about it, like using tax - friendly investment products like IRAs, taking advantages of tax deductions, and hiring a professional to find deductions and write offs for you.

If you take advantage of these, then you might be able to get a tax deduction for them as well.

Does this mean if all of my investment properties are held personally as opposed to in an LLC or S Corp I can not take advantage of this deduction?

«However, if you properly deal with the taxes and take advantage of the deductions available, it can relieve some of your stress and leave you to enjoy the experience hassle - free.»

Generally, if you want to take advantage of the tax write - off, you'll have to itemize your deductions.

If that doesn't dissuade you, you'll appreciate collecting the rent checks and taking advantage of tax deductions.