Other deduction possibilities include certain storage use, rental use, or daycare-facility use.
But a parent could in the same year claim say, the American Opportunity for each of two children, or American Opportunity for one child and a tuition deduction for the other.
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Although the law prohibits one spouse from itemizing deductions if the other spouse claims the standard deduction (section 63(c)(6)(A)), registered domestic partners are not spouses as defined by federal law and this provision does not apply to them.
There is also talk of ending the mortgage tax deduction, along with other tax increases.
Value of team based on current arena deal (unless new arena is pending) without deduction for debt (other than arena debt).
Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
Value of team based on current arena deal (unless new stadium is pending) without deduction for debt (other than arena debt).
In other words, workers get a deduction--but on a larger number.
Unless they have significant other deductions, the mortgage-interest deduction might not be worth holding on to.
There is no good argument for the state and local tax deduction, which effectively subsidizes other big-spending, big-taxing jurisdictions.
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Other tax preferences, such as the mortgage interest deduction, are just not that valuable to them.
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Interest can pile on pretty quickly and together with other deductions, can edge you over the standard deduction limit.
That's because firms get a tax deduction for the interest they pay bondholders and other creditors.
Congress already penalizes the industry by only giving it a 6% deduction, rather than the 9% that other industries receive.
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President BUSH: And for the millions of other Americans who have no health insurance at all, this deduction would help put a basic private health insurance plan within their reach.
Even better: If this deduction creates a loss, it may be used against other wages or carried back to generate a refund.
Roberts compares the penalty to other tax policies designed to influence behavior, such as the home-mortgage interest deduction.
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Recent research shows that the mortgage interest deduction increases homeownership for higher-income households in some areas but not for other households.
If, on the other hand, the charitable IRA rollover is not extended, you will get a charitable deduction for your contribution, subject to the usual limits.
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Other taxpayers will voluntarily amend their returns, after they, for example, discover some overlooked deduction or receive a corrected 1099.
With a Roth, you get no tax deduction for your retirement savings, but all the money that comes out at the other end is tax free.
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