Deduct used in a sentence

Deduct in a sentence as a verb

The IRS has fairly straightforward rules to what meals can be deducted.

I should be able to deduct the cost of that tractor from what I make selling my crops.

While it's true that one can't deduct partial interests, I think there's a bit of leeway there.

Small correction: in the US you can deduct mortgage interest.

You couldn't buy lunch every day at Mortons or Ruth's Chris and easily deduct it.

Suffice it to say that most Bitcoin miners have to depreciate not deduct.

Meanwhile, my wife and I are phased out of student loan and childcare deductions despite making less money.

Presumably you deduct the maximum amount you can from your taxes.

You can't just deduct lunch, you would have to be 'away from the office' and could only deduct reasonable expenses.

Since you can't count commuting and you have no office, the mileage from your home office to your sales appointment isn't deductible.

Amazon will generate an invoice and mailing label for you, plus deduct shipping charges from your payout.

You can't have dozens of money losing years, taking tax breaks and deductions all the time without the IRS getting suspicious.

Now, I don't know if they deducted the library donation from their taxes and, frankly, the tax code is probably vastly different today.

Make sure you remind everybody that their charitable donations are tax deductions!

You can then deduct a percentage of your expenses, electric, water, gas, etc based on the ratio of the square footage of the home office to your entire home.

$1m / year is actually a very common base salary, for tax reasons -- anything above that amount the company can't deduct as a compensation expense.

The approximation overstates my actual cost on meals by several thousand dollars -- using it as the basis for my deduction saves me about a thousand bucks.

I think it's a travesty as well as a remnant of patriarchy that you can deduct a steakhouse lunch as the "cost of doing business" but not deduct daycare as a cost of being able to work.

Eventually, the full cost of the tractor should be deductible, but because the tractor will help produce income over many years, the deductions should be taken over many years.

Selling shares would incur all kinds of taxes, but he can get a line of credit with a reasonable interest rate quite easily, pay no income taxes, and actually deduct the interest he pays from his taxes.

You can already deduct business-related expenses as an individual.

And we didn't deduct marketing expenses which are probably significant: you'll have someone fulltime doing seo / sem / banging on blogs and reviewers to get organic / etc. Plus, again, Apple has created a norm where apps get updated forever for free.

My wife and I have no problem with how much taxes we pay, but it drives us crazy that my parents pay a substantially lower rate despite making more money because they can deduct fully deduct the interest on their $1 million mortgage for their suburban McMansion.