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Anything more than 100 percent of value is not deductible.
The cost of the land, for example, is not deductible.
Only 65 percent of the interest is deductible this year.
In those cases, only the cost of getting to and from Florida is deductible.
"I would go through the deductible rather quickly," he said.
Under current law, the entire amount is deductible from the company's tax bill.
Consumer interest, for example, is only 65 percent deductible in 1987.
Then you must figure out how much of that loss is actually deductible.
The amount you pay for child care is not deductible from your business income.
That money is available to cover the entire cost of the company's deductible.
They provide tax breaks in return for a high deductible.
Use it to buy a car, and the interest is still fully deductible.
That makes point four seven percent on environmental research - all of it tax deductible.
The interest may now be deductible for certain transactions made before 1987.
Those first two are generally tax deductible anyway, or at the very least should be.
They are deductible at fair market value, not your original cost.
The donation will be deductible for 1993 even if you do not pay the bill until next year.
As usual, the lower the deductible, the higher the cost.
Some of the policies have a deductible for each claim.
"You might as well take them this year, and sell in 1988, when only 40 percent will be deductible."
The longer deductible period, however, will result in a lower premium.
There were, in fact, some newspaper reports about the deductible change.
In such cases, the cost of travel between the two job sites is deductible.
Since interest on borrowed money is deductible, it does not cost very much.
However, the loss was not of the right kind to be deductible for tax purposes.