41. So, rather than go through all that trouble, why not just take the deduction only if you determine that it will ultimately save you money? 42. Starting this year, borrowers may take the deduction for the life of the loan. 43. Tenants would be able to take the deductions on their rent. 44. That additional deduction will be taken off the price after the first reduction is done. 45. The act will raise the income restriction so more people can take the deduction. 46. The company paid for the insurance, taking a deduction for this expense, and then borrowed back the premium through a loan against the insurance policy. 47. The deduction can be taken without itemizing. 48. The deduction could be taken for college tuition or job training costs. 49. The deferral lets the companies take the deductions without getting shareholder approval. 50. The IRS allows parents to take a deduction for the bad debt. |