21. The IRS will provide copies of prior tax returns and will allow certain deductions for casualty losses. 22. The plan allows deductions for the portion of the expenses not covered by insurance. 23. The Republican plan also would have allowed full deductions of health insurance premiums in some cases and lowered the capital gains tax rate. 24. Therefore, if Treasury were to lose revenue from a reform allowing the deduction of Social Security taxes, this is how it should be. 25. A Commerzbank statement at the time said the back taxes had been paid once authorities notified the bank that the deductions were not allowed. 26. Both allow better deductions than for singles or couples filing separately. 27. He said he gave Pirro the benefit of any doubt, allowing all deductions for any vehicle that he could not prove was entirely for personal use. 28. Many countries, for example, still allow tax deductions for illicit payments. 29. Under the old tax law, taxpayers who are employed by another and who earn purely salaries are NOT allowed any deductions whatsoever. |