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Following enactment of the American Tax Relief Act (ATRA), the AMT patch legislation that Congress had to pass every year to ensure more people were not snagged.

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The payments made by you during the previous year towards various investments, contributions and deposits that will qualify for deduction under section 80C are described as follows.At Mike Burkart Ford Inc., we are proud to provide car rebates.Only the actual payments made by the assessee during the previous year shall qualify for deduction to save your tax.The place to start for researching publicly accessible versions of the Internal Revenue Code, Treasury (Tax) Regulations, or other forms of official IRS.Basis of Deduction: The income tax deduction under section 80C is available on the basis of specified qualifying investments or contributions or deposits or the payments made by the assessee.

Any sum deposited in five year or more time deposit scheme of Post Office.All of the newly proposed tax brackets would first apply for the 2018 tax year.Amount deposited in 10 or 15 years account of Post Office Savings Bank Account.

Bill Text: MI SB0095 | 2017-2018 | 99th Legislature

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Get your taxes done quickly and efficiently when you sign up for tax services with TurboTax. Sign up to get the newest coupons for TurboTax.Contribution Towards PPF: Any contribution made by assessee as contribution towards Public Provident Fund or Approved Superannuation Fund.

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