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X @Forbes
Forbes· 2025-07-20 22:44
Employers have used free meals and snacks to lure workers back to the office. Republicans decided that’s no longer worth a tax deduction, unless you work in the Alaska fishing industry or a restaurant. https://t.co/puZn2BymDU (Illustration: Samantha Lee for Forbes; Getty Images) https://t.co/9vyt5nlsQU ...
X @Forbes
Forbes· 2025-07-20 20:44
Tax Policy Changes - Republicans have decided to eliminate tax deductions for employers providing free meals and snacks to employees, with exceptions for the Alaska fishing industry and restaurants [1] Employer Strategies - Employers have been using free meals and snacks as an incentive to encourage employees to return to the office [1]
X @Investopedia
Investopedia· 2025-07-09 16:30
The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus." https://t.co/hwyiwzimvJ ...
X @Bloomberg
Bloomberg· 2025-06-30 09:40
Congress wants to make the pass-through tax deduction permanent. It’s a bad idea, @foxjust says (via @opinion) https://t.co/cV5mJN8bH4 ...
12366甬税有声|因消防不合格被罚的罚款,可以在税前扣除吗?
蓝色柳林财税室· 2025-06-12 10:42
欢迎扫描下方二维码关注: ▲戳蓝色字关注蓝色柳林财税室 ▼ 点击下方名片关注蓝色柳林财税室 ▼ 来源宁波税务 欢迎扫描下方二维码关注: 温馨提醒:蓝色柳林财税室为非官方平台,是由编者以学习笔记形式建立的平台,所有笔记写 作记录的文章及转发的法律法规仅供读者学习参考之用,并非实际办税费的标准,欢迎交流学 习,共同分享学习经验成果。文章版权归原作者所有,如有不妥,请联系删除。 你好,我是餐饮个体户,之前因为消防不合格被罚了一笔钱,请问这笔罚款 可以在税前扣除吗? 您好, 根据《个体工商户个人所得税计税办法》(国家税务总局令第35 号)第十五条规定:个体工商户下列支出不得扣除: (一)个人所得税税款; (二)税收滞纳金; (三)罚金、罚款和被没收财物的损失; (四)不符合扣除规定的捐赠支出; (五)赞助支出; (六)用于个人和家庭的支出; (七)与取得生产经营收入无关的其他支出; (八)国家税务总局规定不准扣除的支出。 您的情形符合第三款,故该笔消防罚款不得在税前扣除。 感谢您的来电,再见。 您好!这里是宁波12366纳税缴费服务热线,请问有什么可以帮您? ...
How to claim the student loan interest deduction: Rules and income limits
Yahoo Finance· 2024-03-13 18:11
If you borrowed money for college for yourself or your child, you may be eligible for the student loan interest deduction, which can reduce your taxable income by up to $2,500. You’re only eligible for the tax deduction if you paid student loan interest during the tax year. If you didn’t make student loan payments in 2025 because your loan was in forbearance, deferment, or default, you won’t qualify to deduct student loan interest. To take advantage of the student loan interest deduction, it’s important ...
Tax credit vs. deduction: Which is better?
Yahoo Finance· 2024-01-26 22:45
Core Insights - Understanding tax deductions and tax credits is essential for effectively reducing tax liabilities and maximizing savings [1] Tax Credits - A tax credit provides a dollar-for-dollar reduction of the tax owed, directly lowering the tax bill [2] - Refundable tax credits can result in a refund if they exceed the tax liability, while nonrefundable credits can only reduce the tax bill to zero without generating a refund [3][4] - Eligibility for tax credits is determined by specific qualifications related to income and tax filing status, with common credits available for low to moderate income individuals, small business owners, and families [5][7] - Popular tax credits include the child tax credit and the earned income tax credit, which assist families and low-income earners [9] - Education credits such as the American Opportunity Tax Credit and Lifetime Learning Credit provide financial relief for educational expenses, with the former being refundable up to $2,500 per student [10][11] - Healthcare credits like the Premium Tax Credit help low- to moderate-income families cover health insurance premiums purchased through the marketplace [15][16] Tax Deductions - Tax deductions reduce taxable income rather than the tax bill directly, with the impact depending on the taxpayer's tax bracket [17] - Deductions can be classified as above-the-line or itemized, with above-the-line deductions applicable even if the standard deduction is claimed [18][19] - Common above-the-line deductions include self-employment expenses, while itemized deductions encompass student loan interest, medical expenses, and charitable donations [20][26] - Taxpayers must ensure that itemized deductions exceed the standard deduction to effectively minimize tax liability [24] Interaction of Tax Credits and Deductions - Tax credits and deductions can be used in conjunction to lower overall tax liabilities, with tax credits providing more direct financial benefits [30][31] - For example, a taxpayer with an income of $100,000 could reduce their taxable income through deductions and further lower their tax bill with applicable tax credits [28][29]