| 41. | Deductions help lower taxable income, so the more the merrier.
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| 42. | Am I permitted to deduct the amount of the debt from my taxable income?
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| 43. | The money contributed is deducted from the worker's taxable income.
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| 44. | The benefits do not count as taxable income to employees.
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| 45. | Capital losses exceeding that amount may be used later to reduce future taxable income.
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| 46. | However, when calculating taxable income, exemptions and deductions are allowed.
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| 47. | "Taxable income " is where these plans get tricky.
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| 48. | Tuition assistance for undergraduate courses is not taxable income.
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| 49. | Those losses were then used to offset taxable income.
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| 50. | Do I need to report it as taxable income?
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