deduction
115
3.0
- noun
- /dɪˈdʌkʃən/
:
deducción
- In addition, the home mortgage tax deduction provides an incentive to build and occupy larger homes.
- tax deductions
- payroll deductions
- mortgage deduction
So that's just a question of did that expense deduction or credit exist.
- So that's just a question of did that expense deduction or credit exist.
- Obama made tax deductions a little smaller.
- But what most real estate investors haven't learned yet is that this deduction applies to you.
- Therefore, from the sheets, what you want to extract as deductions are the expenses, fees and tax.
- And remember that we're taxed on our income minus our deductions.
- So here we have a couple exceptions to your depreciation deduction.
- So we all got big deductions.
- Another area, another expense that is more scrutinized is the Home Office deduction.
- This is also now in addition to possibly reopening a deduction on what's called a meals and entertainment deduction expenses.
Examples
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You can reduce your taxable income by claiming a deduction for your business expenses.
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OK, You understand a tax deduction is not a tax credit.
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Such giving makes a tax deduction available to those giving the funds.
Academic text (1996) -
That is a tax deduction.
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So today I can announce the Super deduction for the next two years.
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We nearly doubled the standard deduction for everyone.
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My accountant will write it off as a tax deduction.
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Ontario: An additional 25 percent deduction for large firms and 35 percent for small firms.
Academic text (1993) -
Companies will be able to use some of the same credits and deductions they use to reduce their regular corporate tax bills.
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Business losses are known as net operating losses, and net operating loss generally occurs when your tax deductions exceed your taxable income.
Synonyms
260
1.0
A lower price offered for something, often shown as a percent
98
3.0
A smaller tax people or companies must pay to encourage certain activities
27
5.1
A fixed tax deduction that reduces the tax someone must pay for themselves or for people they support
22
3.4
An expense or amount you can subtract from your income to lower your tax
11
1.1
Taking one number away from another to find the difference
6
3.8
An amount you can subtract from your income to reduce the tax you pay
3
2.0
Making goods or services cheaper
1
4.0
An amount a business can subtract from its income before paying taxes for money spent running the business
A rule that lowers the tax a business pays for some meals and client events within set limits
An amount a business subtracts from taxes each year for a machine or building
Antonyms
Compounds
- Specialized
22
3.4
An expense or amount you can subtract from your income to lower your tax
1
4.0
An amount a business can subtract from its income before paying taxes for money spent running the business
- Formal
A rule that lowers the tax a business pays for some meals and client events within set limits
How Much
Surface Forms
Morphology
Etymology
Deduction also means an amount taken away because it comes from the same Latin parts de- ('from') and ducere ('to lead'), giving the idea of 'leading away'. That image of taking something away makes it easy to see why a deduction is an amount subtracted from a total.