The Crisafullis say the deduction allows them to take the pricier trips with hotels.
The unusual nature of the deduction has the tax blogosphere responding in its characteristically mature manner.
The deduction had expired but was extended under the most recent tax deal.
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In most states the deduction is denied to savers who use an out-of-state plan.
The conservative appraisal would have lowered the deduction for the donor, who walked away.
While the law discourages the deduction of small losses, it's generous for big ones.
In the likelihood that the deduction survives, it will be a bonus to you.
The AMT eliminates certain itemized deductions, including the deduction for state and local income taxes.
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Instead, it looks at just the front end, and thus overstates the value of the deduction.
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The deduction was available regardless of whether the giving was targeted for hurricane relief.
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The self-employed face new (and more generous) rules covering the deduction of health insurance premiums they pay.
But true reform requires another step: Eliminating the deduction businesses get for borrowing to buy this equipment.
Who gets the deduction when a donated item goes for a lavish sum at a charity auction?
With the conventional IRA, in contrast, you get the deduction going in, but withdrawals are fully taxable.
The Patel decision would deny the deduction to somebody even if they were not planning on rebuilding.
The justification for the deduction is that it makes the American Dream of home ownership more possible.
But what about the noise about limiting itemized deductions, including the deduction for state and local taxes?
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But I also think that shrinking access to the deduction is better than maintaining the status quo.
Takeover talks stalled with the Matt Le Tisser-backed group, who were told they cannot appeal against the deduction.
Brown did a decent job of explaining the deduction (even though some not so nice folks commented otherwise).
Lawmakers could also cap others, such as the deduction for home mortgage interest, for the top 5 percent.
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The IRS denied the deduction and PPL sued in Tax Court along with another utility, winning in 2010.
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You calculate the deduction based on qualified education expenses you pay for yourself, your spouse, or a dependent.
Many taxpayers prefer giving in kind since the deduction is based on the market value of the item.
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The IRS denied the deduction, arguing that there could be no bad deduction because there was no debt.
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In practice these rules bar the deduction for most undergraduate and graduate tuition.
Too bad the deduction isn't linked to the increase in health care costs.
What about changing the law for everyone, to allow the deduction of losses before the net loss is determined?
The charity loves it, the IRS understands it, and you appreciate the deduction.
With a lower income, it can be easier to qualify for the deduction.
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