Definition of Business deduction
1. Noun. Tax write-off for expenses of doing business.
Generic synonyms: Deduction, Tax Deduction, Tax Write-off
Lexicographical Neighbors of Business Deduction
Literary usage of Business deduction
Below you will find example usage of this term as found in modern and/or classical literature:
1. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"Explanation of Provision Under the provision, if an executor elects to utilize the qualified family-owned business deduction, the estate tax liability is ..."
2. Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp by George Edwin Holmes (1920)
"Where a corporation dealt in the property serving as collateral for the indebtedness as a matter of its ordinary business, deduction might be made in full, ..."
3. Selling Used Books Online: The Complete Guide to Bookselling at Amazon's by Stephen Windwalker (2002)
"And also keep in mind the 1RS requirement that, to qualify for a home business deduction, an area of your home must have been used exclusively for business ..."
4. Mark Twain: The Personal and Literary Life of Samuel Langhorne Clemens by Albert Bigelow Paine (1912)
"Perhaps that would be also a proper business deduction; only, as a rule, business morals are regulated by the contract, and the contract is regulated by the ..."