tax deductible
expense that generates a tax deduction. For individuals, some tax deductible items include charitable contributions, mortgage interest, investment interest, state, local and foreign taxes, casualty and theft losses, medical expenses, ...
Tax Deductible
Referring to an expense which can be offset against taxation liabilities.
Term Deposit
A deposit with a financial institution for a fixed period and a rate of interest which applies for the duration of the deposit.
tax deductible: Payments that are deducted against federal and state taxable income.
tax deferred: The ability to pay taxes at a later date.
What is a tax deductible?
What is intangible tax and is it tax deductible?
Which deductions you can not get taxed on?
What is tax deductable?
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Also known as "tax deductible".
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Prepaid interest is tax deductible in most cases, and your long-term interest rate will be lowered slightly - often 0.25% or 25 basis points - for each point you pay.
IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred.
By the employers perspective there is also a strong incentive to pay contributions that are tax deductible.
Depending on income level and pension fund eligibility the IRA contribution may be tax deductible. Also see The Power Of An Early Start In Investing. INFLATION The effect of generally rising prices of goods and services.
All of my home costs are tax deductible
One place where people tend to get into a lot of trouble on their taxes is on deducting home-related expenses.
The second major flaw in the corporate income tax is that it misallocates capital by favoring the issuance of debt over equity because interest payments are tax deductible, while dividend payments are not.
If a business operates at a profit, its business expenses may be tax deductible. IRS rules specify that business expenses have to be necessary and ordinary to be deductible.
This contribution is tax deductible.
Any capital gain from the following sources reduced by any capital losses from assets held in the CCF account for six months or less: ...
IRA contributions are tax deductible irres...(Read more)
Individual Savings Account
An individual savings account (ISA) is a financial product available in the UK, designed for the purpose of investment and savings with a fa...(Read more) ...
If corporate dividends paid out were tax deductible to corporations then we would likely see many corporations increase dividends to at least the full level of their earnings.
Contributions are not tax deductible, as they are with an RRSP, but the income from plan grows tax free. When the child goes on to post-secondary education the RESP provides income, which is taxable to the child, but usually at a lower rate.
Company contributions to the plan are tax deductible. Shares in the trust are generally allocated to individual employee accounts.
Contributions to a Roth IRA, on the other hand, are never tax deductible. However, a Roth IRA allows you to grow and withdraw your money completely tax free.
Your contribution is not tax deductible. But any earnings that accumulate in the account can be withdrawn tax free if they're used to pay qualified educational expenses for the beneficiary until he or she reaches age 30.
Contributions are often tax deductible in whole or in part, depending upon individual cirumstances, including compensation levels and participation in an employer sponsored qualified retirement plan.
If the organization purpose is one of those described in ยง501 of the Internal Revenue Code, it may apply for a ruling that donations to it are tax deductible to the persons or business entities who make them.
Remember that mortgage interest is tax deductible only if the debt you acquire is secured debt - meaning your home is pledged as collateral on the debt (meaning the bank can possess your house if you do not keep up with payments).
Interest payments are an expense, so they are tax deductible for the corporation. Dividends are distributions of earnings, so they are not tax deductible.
When company executives discovered that they had the ability to backdate stock option grants, thus making them both tax deductible and 'in the money' on the date of actual issuance, ...
To do this we need to adjust the tax deductible costs by correcting the cost of debt for the tax savings made. This means the calculation becomes:
WACC = D/(D + E) ื 1/(1 - t) ื i + E/(D + E) ื r
where t is the tax rate.
Contributions are generally tax deductible up to 25% of annual income with a limit of $47,000 (as of 2007).
QUALIFIED PLAN " A retirement plan (or annuity) into which tax deductible contributions are made and invested. The investment's earnings are tax deferred. Taxes are paid only when money is withdrawn.
Contributions can be tax deductible or made before income taxes are applied (via employer plans), and are capped at the insurance deductible amount or $2,650 for singles and $5,250 for families, whichever is less.
Quasi business expenses - Is used to refer to those range of tax deductible expenses which may qualify as a business or personal expense. This is dependent upon the specific individual situation, e.g.
Personal retirement account that an employed person can set up with a deposit that is tax deductible up to a set maximum per year.
An individual retirement fund. Contributions are not tax deductible, but withdrawals are tax exempt if an individual has been in the plan at least five years and is at least 59-1/2. Income limits and additional rules apply.
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DEDUCTIBLE CONTRIBUTION - Contributions to a traditional IRA are tax deductible if you are not covered ...
DEDUCTION - An expense that is allowable as a reduction of gross taxable income by the IRS e.g., charit...
This may sound like a dumb question but is social security payments back to you after retirement tax deductible or tax free?
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All or part of the participant's contributions may be tax deductible, depending on the type of IRA chosen and the investor's personal financial circumstances.
A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred.
Individual Retirement Account (IRA) rollover ...
Convention Expenses
Any travel expenses incurred while at a business convention. These expenses are tax deductible if they are business or job related.
Notes:
Travel expenses may include food, lodgings, car rental, etc.
Roth IRA: Contributions are not tax deductible but distributions can generally be withdrawn tax-free.
Business Questions: Which kind of training costs are tax deductible?
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Individual Retirement Account (IRA)
A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred.
Keogh Plan - Sometimes called defined contribution plan or defined benefit plan, a retirement plan for the self-employed or employees of unincorporated business. Contributions may be tax deductible.
It can be used for home improvements, debt consolidation, and other major purchases. Interest paid on the loan is generally tax deductible (consult a tax advisor to be sure).
Real Estate Property Tax Deduction: a tax deductible expense reducing a taxpayer's taxable income.
Debt Financing
The raising of money by loans and borrowing directly from financial institutions, providing increased financial leverage. Interest may be tax deductible.
Individuals may contribute up to $2,000 per year in an individual account. For spousal accounts, the limit is $4,000. How much is tax deductible varies according to an individual's access to pension coverage, income tax filing status, ...
Non-tax-qualified annuity: The normal type of annuity. Contributions are not tax deductible; when payments are received, the annuitant is taxed only on the portion representing earnings. The return of capital is not taxed.
Over contributions aren't tax deductible for the year they're made, but can be allocated to future years' RRSP limits, generating tax deductions then. Overcontributions beyond the cushion are taxed at 1% per month.
or corporation that is exempted from paying corporate income taxes because it engages in charitable, cultural, educational or socially desirable programs for the public good. Contributions by the public or by businesses are also tax deductible.
Deductible
Referring to expenses which can be offset against taxation liabilities. Certain contributions to superannuation funds, for example, are tax deductible up to prescribed limits.
Default
Failure to perform a contractual obligation.
Contributions on behalf of each employee are expressed as a percentage of salary. If the profit sharing plan is a qualified plan according to the IRS, employer contributions are tax deductible as a business expense.
A registered pension plan (RPP) is a pension plan legally registered with the provincial pension commissioner and must comply with provincial pension legislation. A plan must be registered in order for pension contributions to be tax deductible.
Home equity lines of credit (HELOCs) are great options for customers who want flexible financing options with low interest rates. In addition, the interest paid on HELOCs is often tax deductible.
An RESP is an education savings plan that has been registered with Canada Revenue Agency (CRA). It is a method for parents to save for their children's post-secondary education. The payments to an RESP are not tax deductible, ...
The issue of PIK notes constitutes the payment of interest for tax purposes, so if the notes are issued in the accounting period in which the interest accrues, the interest is tax deductible on an accrual basis and does not affect cash flow.
Versus Non-Qualified Policies - Qualified plans are those employee benefit plans that meet Internal Revenue Service requirements as stated in IRS Code Section 401a. When a plan is approved, contributions made by the employer are tax deductible ...
A Canadian a tax shelter set up by the government, to encourage individuals to save (up to certain limits) for retirement. Initial contributions to and interest on the RRSP are tax deductible.
A RPP is a trust registered with Revenue Canada and established by a company to provide pension benefits for its employees when they retire. Both employee and employer contributions to the plan are tax deductible.
uses the Loan Schedule calculation to determine the periodic payments and the amortization schedule, which details the amounts of interest and principal reduction in each payment. Note that the business loan interest is a tax deductible expense.
 See also: Expense, Saving, Job, Mergers, Bills
  
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