What PERSONAL EXPENSES means: Expenses of an individual other than those for business or investment purposes. Personal expenses are not deductible unless specifically allowed under the tax law. Two examples of deductible personal expenses are medical expenses and personal property tax paid on personal-use property.
- Definition Partly Taxable Pensions:
- Dictionary Partly taxable pensions to which the employee made after-tax contributions. Once the employee recovers his cost, the pension becomes fully taxable personal expenses definition.
- Definition Pension:
- Dictionary periodically of (generally) a definite amount for a specified period (usually life) from an employer-funded plan to workers who have met the stated requirements. Its primary purpose is to provide personal expenses explain.
- Definition Prepaid Interest:
- Dictionary advance is deductible only as it accrues. The one exception to this rule is for certain points paid by a cash-basis taxpayer to obtain financing for a loan used to purchase, reconstruct, or improve personal expenses what is.
- Definition Principal Payments:
- Dictionary The portion of a loan payment that reduces the outstanding balance of the loan personal expenses meaning.
How works Personal Expenses meaning in Tax definitions P .
