With all reverence, an historical student has to deduct something from both these statements.
In addition, if you pay with a Visa or MasterCard, you can deduct 15 percent of the price; if you pay with cash, you can deduct 20 percent (see the Discount Schedule link in the AW Fireworks sidebar for more information).
This rate is made upon the occupier and not upon the landlord, and the occupier is not entitled, save in a few specified cases, to deduct any of the rate from his rent.
Homeowners may be eligible to deduct the amount of interest they pay on their mortgage loan, which means that their total federal tax obligation is reduced by the amount of the mortgage interest they pay that year.
With the new health insurance laws passed in 2010, self-employed and freelance taxpayers are entitled to deduct all of their medical expenses, even if a portion of their cost was covered under a health insurance plan.