tax deduction
22
3.4
- noun
- /tæks dɪˈdʌkʃən/
- Specialized
:
deducción fiscal
- After reviewing his expenses, he realized he could apply for a tax deduction on his charitable donations.
- tax deduction for mortgage
- charitable tax deduction
- tax deduction for mortgage interest
These states would benefit by removing the cap of the SALT tax deduction.
- These states would benefit by removing the cap of the SALT tax deduction.
- Business losses are known as net operating losses, and net operating loss generally occurs when your tax deductions exceed your taxable income.
- OK, he donated, he took his shares, got a tax deduction, put his Microsoft shares in the Bill Gates trust of a charity.
- That they were blocked from looking into leads involving Hunter Biden's grown children who he was using for some tax deductions.
Examples
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But you get a tax deduction when you go into the HSA and you don't pay taxes on it when it comes out.
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An original tax deduction of up to $17,500 per vehicle was raised to $25,000 in 1996.
Academic text (2004) -
Nobody wanted to lose the research and and development tax deduction, and yet we lost it.
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However, you may receive a tax deduction on your state's income taxes.
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Small businesses could apply for a tax deduction for installing a generator.
Blog text (6) -
Congress created this tax deduction to help caregivers go out and work.
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When ABA members open a donor-advised fund, they receive a tax deduction immediately.
Academic text (2002) -
The HSA also includes uniform national standards for long-term care insurance and increased tax deductions for long-term care insurance.
Academic text (1994) -
Many homeowners claim a tax deduction for the mortgage interest they pay each year.
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She was pleased to discover that her classroom supplies qualified for a tax deduction.
Synonyms
115
3.0
An amount taken away from a total, for example from pay
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
20
6.2
An amount you can take off your income when you calculate tax
6
3.8
An amount you can subtract from your income to reduce the tax you pay
1
4.0
An amount a business can subtract from its income before paying taxes for money spent running the business
An amount a business subtracts from taxes each year for a machine or building
A rule that lowers the tax a business pays for some meals and client events within set limits
How Beneficial
599
3.2
- Specialized
148
3.2
- Specialized
98
3.0
- Specialized
22
3.4
- Formal
27
5.1
- Specialized
- Specialized
20
3.3
Surface Forms
Morphology
The meaning ('an amount subtracted from income when calculating tax') is directly compositional from 'tax' (government charge) + 'deduction' (a subtraction), so the overall sense is predictable from the parts. This noun–noun construction is common in many languages and in standard financial usage, making it immediately understandable to a B1 learner who knows both constituents.
Etymology
Tax deduction comes from the simple idea of taking away part of your income before you pay tax. Imagine crossing out some work costs so there is less left to count, and a deduction 'subtracts' that amount to 'reduce' the tax you owe.