Definition of Tax deduction

1. Noun. A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.

Exact synonyms: Deduction, Tax Write-off
Specialized synonyms: Tax Benefit, Tax Break, Business Deduction, Exemption
Generic synonyms: Write-down, Write-off

Lexicographical Neighbors of Tax Deduction

tax avoidance
tax avoision
tax base
tax benefit
tax bill
tax bite
tax boost
tax bracket
tax brackets
tax break
tax clinic
tax collection
tax collector
tax collectors
tax credit
tax deduction (current term)
tax equity and fiscal responsibility act
tax evader
tax evasion
tax exemption
tax form
tax free
tax haven
tax havens
tax hike
tax incentive
tax incentives
tax income
tax law
tax liability

Literary usage of Tax deduction

Below you will find example usage of this term as found in modern and/or classical literature:

1. Netherlands by Anne Sonnet (2005)
"An extra income tax deduction for people still employed after 57 Following ... In April 2002 the tax deduction was increased specifically for older workers ..."

2. Women-Owned and Home-Based Businesses: Hearing Before the Committee on Small edited by Christopher S. Bond (1999)
"So i I' the earned income from the activity as defined above is a loss for the current year, no tax deduction will be allowed. ..."

3. The Scots Digest of the Cases Decided in the Supreme Courts of Scotland: And by John Condie Stewart Sandeman (1905)
"Income Tax — Deduction of Tax— Annuity—Deduction of Tax by Debtor- Husband and Wife—Separation Contract. —A son who had an allowance from his father, ..."

4. Promoting Adult Learning by Koji Miyamoto (2005)
"In some of the review countries, tax deduction schemes allow firms to deduct from ... However, profit tax deduction schemes are not free of drawbacks. ..."

5. Inconsistent Picture: A Compilation Of Analyses Of Economic Impacts Of (1994)
"See also tax deduction and tax expenditure. tax deduction: An amount that is subtracted from the tax base before tax liability is calculated. ..."

6. Netherlands by Anne Sonnet (2005)
"An extra income tax deduction for people still employed after 57 Following ... In April 2002 the tax deduction was increased specifically for older workers ..."

7. Women-Owned and Home-Based Businesses: Hearing Before the Committee on Small edited by Christopher S. Bond (1999)
"So i I' the earned income from the activity as defined above is a loss for the current year, no tax deduction will be allowed. ..."

8. The Scots Digest of the Cases Decided in the Supreme Courts of Scotland: And by John Condie Stewart Sandeman (1905)
"Income Tax — Deduction of Tax— Annuity—Deduction of Tax by Debtor- Husband and Wife—Separation Contract. —A son who had an allowance from his father, ..."

9. Promoting Adult Learning by Koji Miyamoto (2005)
"In some of the review countries, tax deduction schemes allow firms to deduct from ... However, profit tax deduction schemes are not free of drawbacks. ..."

10. Inconsistent Picture: A Compilation Of Analyses Of Economic Impacts Of (1994)
"See also tax deduction and tax expenditure. tax deduction: An amount that is subtracted from the tax base before tax liability is calculated. ..."

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