VDict - Definition of tax deduction

English - English (Wordnet) dictionary

tax deduction

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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

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Synonyms:
tax write-off deduction

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Words contain "tax deduction" in its definition in English - English (Wordnet) dictionary:
deduce deduct deductible infer derive tax break entertainment deduction tax benefit rate of depreciation depreciation rate more...

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