Sentences with phrase «treated as deductible»

Not exact matches

To avoid this Western fiscal / financial problem, China should avoid treating interest as a tax deductible expense in calculating the land's taxable yield (or that of industry, for that matter).

Virtual currency received from overseas from intermediaries are not tax deductible purchases and instead are treated as non-taxable purchases.

While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.

Even if you borrow from the plan to buy a home, that doesn't allow you to treat the money as mortgage interest, which would be deductible.

The good news is that the IRS treats capitalized interest as interest for tax purposes and is deductible as payments of the principal balance are made on the loan.

If all your IRA contributions were tax - deductible when you made them, the full amount of the RMD will be treated as ordinary income for the year in which you take it.

The rule causes all individual IRAs — both non-deductible and deductible — to be treated as one account for tax purposes.

So I treat those overpayments as equivalent to savings with quite a nice interest rate, especially since mortgage interest isn't tax deductible and so I actually get the full benefit of that interest rate.

Yet, the traditional approach treats $ 1,000 in deductible pension accounts as equivalent to $ 1,000 of after - tax funds in taxable accounts.

One minor difference: the ability to treat mortgage insurance (PMI) as deductible mortgage interest expired at the end of 2016.

Such arrangements can have negative tax consequences, as the CRA will likely not interpret these arrangements as meeting their definition of tax - deductible spousal support payments, even if the separating parties agree to treat them as such.

The US has treated spousal support as taxable income to the recipient and tax - deductible for the payor for the last 75 years.

While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.

Pharmacy claims are treated the same as medical services you have received, and any deductible is applied to the entire amount of services and medication.

The difference between the actual payment made by the deductor and the tax deducted at source or deductible, whichever is more will be treated as the excess payment made.

For example, if a hurricane occurs and damages both the policyholder's house and vehicle, most insurers will treat this as two separate deductibles.

The US has treated spousal support as taxable income to the recipient and tax - deductible for the payor for the last 75 years.