From a planning perspective, if a taxpayer with a home mortgage balance already is unable to itemize or is a marginal itemizer
, early payoff might provide a higher aftertax return than alternative investments.
Regardless of whether the taxpayer is an itemizer
or a non-itemizer, in the 35% bracket or the 15% bracket, a $1,000 credit saves taxes of $1,000.
or trace technology was used to scan the outside of those suitcases and as a result a number of tests came positive for the presence of cocaine," Fitzgerald said.
The GE Itemizer
DX trace detector device, which is about the size of a large briefcase, received an order for 15 units from screening equipment supplier US Testing Equipment, Ltd.
Therefore, if itemizer
data is used to evaluate giving levels and regional patterns, variables for characteristics known to be related to giving, such as income, demographic and social characteristics, should also be added.
The hypothetical itemizer
who might donate $500 annually now would only be allowed to take a tax deduction of $290.
If the tax unit is an itemizer
, they would then subtract out the amount of state income tax deducted on their federal schedule A.
For example, the reduction in the top bracket from 39.6 to 37 percent would increase the price of giving by 4 percent for an itemizer
in that bracket (from 0.604 to 0.63).
153 "borderline itemizer
" households (explained below) were eliminated.
Known as the Itemizer
DX, the ETD unit uses a small wand that operators brush against the surface of a suspected item.
, the charitable donation also benefits the poor or other
This is accomplished by imputing interest income to the lender, imputing an interest expense deduction to the borrower (which may be deductible as investment interest expense (13) if the borrower is an itemizer
), and deeming the lender to have given (possibly subject to gift taxation) the value of the phantom interest deemed paid back to the lender.