Word: deductable
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...results of a survey conducted in July for H&R Block, a company which prepares income tax returns, indicates that the plan to allow parents to deduct a portion of college tuition costs from their federal income tax is not as popular as President Carter's plan to increase the number of middle-income families eligible for student grants and loans...
...pending Senate bill would allow parents to deduct up to $500 for each college dependent, with the effective date set for 1980. It also allows a $250 tax credit for each child attending a private elementary or secondary school. The cost of the Senate plan is $2.9 billion...
Moreover, the study group recommended that Congress enact legislation suspending the equal opportunities provision of the Federal Communications Act, "requiring networks to release each week to their licensees twenty 30-second prime-time segments restricted for sale to political candidates during the campaign period," and permitting networks to deduct from gross income "the difference between the actual rates paid by political advertisers and the average commercial rates for comparable time charged during the campaign period...
...problem. Carter has proposed a $1.5 billion program to extend college student aid to cover most of the nation's middle-class families. The aim of the plan is to head off a bill proposed by Senators Daniel Patrick Moynihan and Bob Packwood that would allow parents to deduct up to $500 from their income tax for every child they had in college or private school. The White House claims that the credit would cost the Government too much in lost revenues and would benefit the rich as well as the poor. But the tax-credit plan has great political...
During World War II, the Government spurred construction of defense plants by offering "certificates of necessity," which allowed companies to deduct the costs from their taxes in only five years. Now, says Jones, the Government should permit fast write-offs for the plants that companies build in pockets of youth and minority unemployment...