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Synonyms for «deductibility»

Deductibility means the ability to subtract or take away a certain amount of money or expenses from the total amount of money you owe in taxes. It allows you to reduce your taxable income, potentially lowering the amount of taxes you have to pay. Full definition
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Phrases with «deductibility»

Sentences with «deductibility»

  • The federal law's cap of deductibility of state and local property taxes hits many Long Islanders hard. (newsday.com)
  • The loss of tax deductibility of safety deposit boxes is a tiny loss and at this stage of the game few expected any significant improvements to the retirement and pension regime: no changes to RRSP contribution rules that I could see in the early coverage and we'd already enjoyed a hike in TFSA contributions to $ 5,500. (moneysense.ca)
  • «The price collapse in the U.S. housing market, which happened 18 months ago, was based on lending practices and mortgage interest deductibility tax regulations that lured new buyers into mortgages they couldn't sustain. (remonline.com)
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