business deduction
- noun
- /ˈbɪznəs dɪˈdʌkʃən/
- If you own a business, you can claim a business deduction for expenses like office supplies and travel costs.
Examples
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I don't understand SUVs for 90% of the people who buy them, but there is no "Hummer" business deduction.
Blog text (4) -
So building a business, contributing to the economy, and taking legitimate business deductions is "sucking off the system like a liberal deadbeat"?
Blog text (27) -
A company would own the horse, and it's a business deduction.
Blog text (26) -
"What President Obama calls 'subsidies' are actually typical business deductions that every manufacturing industry receives.
Blog text (19) -
Did you also complain about the absolutely obscene $125K business deduction for Hummers?
Blog text (4) -
Now, under "business deductions"... you have listed a $22,000 trailer... with various mechanical and electronic devices... perfumed record albums... and pages and pages...
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You may also be able to take a home-office deduction and deduct part of your health insurance premiums along with other business deductions.
Academic text (2011) -
Many small businesses benefit from a business deduction for necessary equipment purchases that reduce their taxable income.
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To lower your taxable income, make sure to keep records of any business deduction you intend to claim for operating expenses.
Synonyms
An amount taken away from a total, for example from pay
A smaller tax people or companies must pay to encourage certain activities
An expense or amount you can subtract from your income to lower your tax
Surface Forms
Morphology
The meaning is directly compositional: 'business' (commercial activity) modifies 'deduction' (a subtraction from money), indicating a subtraction related to business expenses or income. This modifier+head noun pattern is common and cross-linguistically transparent, so a B1 learner who knows both constituents would readily infer the MWE's meaning.
Etymology
The term business deduction comes from a simple picture: business means a company's work and deduction means something you 'take away' from the total money before tax. So a business deduction is an expense a company can 'take away' from its income to lower the tax it must pay.