A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.
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Examples for "deduction"
Examples for "deduction"
1However, you can spread your deduction claim over a number of years.
2Therefore, consider prepaying eligible expenses if doing so will increase your deduction.
3In other words, you could use genetic search to do inverse deduction.
4Potential punishments range from a fine to the deduction of league points.
5Repeals tax deduction for government bonds to subsidize stadiums and other projects.
1And Corp didn't get anything in return, except for a huge tax write-off.
2My buddy suggested maybe donating it to a museum and taking a tax write-off.
3It was worth more to them as a tax write-off.
4They didn't allow a tax write-off for the asset and that made it wholly uneconomic.
5It's not too bad as a tax write-off for someone who needs that sort of thing.
1Repeals tax deduction for government bonds to subsidize stadiums and other projects.
2U.S. homeowners already receive a tax deduction for their mortgage interest payments.
3First, a tax deduction for all education and training after high school.
4We need to fix this state and local tax deduction issue.
5You may also get a state tax deduction each year for your contribution.
6In general, a tax deduction is worth more now than later.
7Another proposal that is expected is an increased tax deduction on housing loans.
8If you have not made prior withdrawals, there is no tax deduction either.
9Obama would encourage it with a tax deduction even for non-itemizers.
10You might increase the level of giving if people could claim a tax deduction.
11Investors are not allowed to claim the "loss" as a tax deduction.
12The generator was a tax deduction. She said this proudly.
13More than 30 states allow some kind of tax deduction on money going into accounts.
14He immediately gets a tax deduction equal to the present value of his ultimate gift.
15Perhaps the most broadly useful is the tax deduction for sales tax on a car.
16Remember: an exemption functions just like a tax deduction.
Translations for tax deduction