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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
Specialized synonyms: Tax Benefit, Tax Break, Business Deduction, Exemption
Generic synonyms: Write-down, Write-off
Lexicographical Neighbors of Tax Deduction
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