61. Under current law, people may, in some circumstances, take tax deductions for premiums on insurance covering long-term care. 62. You can take a deduction for the property taxes you pay on both real and personal property. 63. You sell at a bargain rate, then take a deduction on the difference between the fair market value and the sale price. 64. Deductions are taken for inmate room and board, taxes, family support and crime victim compensation. 65. If that deduction were taken now, the team would be one place above the four-team relegation zone. 66. In an advisory opinion made public last month, an IRS lawyer said a deduction could be taken only in the year the child was seized. 67. Instead, the law firm took the deductions and Pirro did not report the income. 68. Iranian Finance Minister Hossein Namazi asked if the two institutions would discourage rich countries from letting their businessmen take tax deductions on bribes they pay in the Third World. 69. Small businesses would be able to take immediate deductions for certain equipment. 70. The executives who spoke against the McCain plan said companies would end up taking deductions several years after the product they advertised became obsolete. |