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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.
Specialized synonyms: Tax Benefit, Tax Break, Business Deduction, Exemption
Generic synonyms: Write-down, Write-off
Lexicographical Neighbors of Tax Deduction
Literary usage of Tax deduction
Below you will find example usage of this term as found in modern and/or classical literature:
1. Netherlands by Anne Sonnet (2005)
"An extra income tax deduction for people still employed after 57 Following ...
In April 2002 the tax deduction was increased specifically for older workers ..."
2. Women-Owned and Home-Based Businesses: Hearing Before the Committee on Small edited by Christopher S. Bond (1999)
"So i I' the earned income from the activity as defined above is a loss for the
current year, no tax deduction will be allowed. ..."
3. The Scots Digest of the Cases Decided in the Supreme Courts of Scotland: And by John Condie Stewart Sandeman (1905)
"Income Tax — Deduction of Tax— Annuity—Deduction of Tax by Debtor- Husband and
Wife—Separation Contract. —A son who had an allowance from his father, ..."
4. Promoting Adult Learning by Koji Miyamoto (2005)
"In some of the review countries, tax deduction schemes allow firms to deduct from
... However, profit tax deduction schemes are not free of drawbacks. ..."
5. Inconsistent Picture: A Compilation Of Analyses Of Economic Impacts Of (1994)
"See also tax deduction and tax expenditure. tax deduction: An amount that is
subtracted from the tax base before tax liability is calculated. ..."
6. Netherlands by Anne Sonnet (2005)
"An extra income tax deduction for people still employed after 57 Following ...
In April 2002 the tax deduction was increased specifically for older workers ..."
7. Women-Owned and Home-Based Businesses: Hearing Before the Committee on Small edited by Christopher S. Bond (1999)
"So i I' the earned income from the activity as defined above is a loss for the
current year, no tax deduction will be allowed. ..."
8. The Scots Digest of the Cases Decided in the Supreme Courts of Scotland: And by John Condie Stewart Sandeman (1905)
"Income Tax — Deduction of Tax— Annuity—Deduction of Tax by Debtor- Husband and
Wife—Separation Contract. —A son who had an allowance from his father, ..."
9. Promoting Adult Learning by Koji Miyamoto (2005)
"In some of the review countries, tax deduction schemes allow firms to deduct from
... However, profit tax deduction schemes are not free of drawbacks. ..."
10. Inconsistent Picture: A Compilation Of Analyses Of Economic Impacts Of (1994)
"See also tax deduction and tax expenditure. tax deduction: An amount that is
subtracted from the tax base before tax liability is calculated. ..."
Other Resources:
