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The 529 college savings plan does not offer a tax deductible on federal income tax returns, however the contributions are considered gifts and come out tax free.
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What type of loans are tax deductible?
Mortgages and Student loans are the only types of loans that are tax deductible.
Are home repairs tax deductible?
are the costs for home repairs caused by hurricane sandy income tax deductible
Is a loan tax deductible?
ya
Is home equity tax-deductible?
The equity in your home is not a tax deduction. The interest paid to banks for a home equity line of credit or loan may be tax deductible.
Universal life insurance premiums tax deductible?
NO. Life insurance premiums would NOT be deductible on your 1040 federal income tax return.
Capital structure related to tax planning?
Capital structure refers to the mix of debt and equity financing used by a company to finance its operations. Tax planning can affect a company's capital structure by considering the tax advantages or disadvantages associated with different types of financing. For example, debt financing is usually tax-deductible, while equity financing does not provide similar tax benefits. Therefore, a company may choose to have a higher proportion of debt in its capital structure to maximize tax deductions and lower its overall tax liability.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Is depreciation tax deductible?
Not, depreciation is not deductible for tax purpose. Because it is not wholly exclusively in production
Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
What kind of insurance is tax deductible?
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
Is gas tax deductible on income tax?
no
Are the costs of tax preparation tax deductible?
No, they are not.
Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Is spousal support tax deductible?
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
