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deduct
[dih-duhkt]
verb (used with object)
to take away, as from a sum or amount.
Once you deduct your expenses, there is nothing left.
verb (used without object)
detract; abate (usually followed byfrom ).
The rocky soil deducts from the value of his property.
deduct
/ dɪˈdʌkt /
verb
(tr) to take away or subtract (a number, quantity, part, etc)
income tax is deducted from one's wages
Other Word Forms
- prededuct verb (used with object)
- undeducted adjective
Word History and Origins
Word History and Origins
Origin of deduct1
Synonym Study
Example Sentences
Taxpayers can deduct up to $25,000 of tips, and up to $12,500 of overtime income for singles and $25,000 for joint filers.
That means your gifts have to exceed that threshold before you can deduct anything.
Premiums for Part B are automatically deducted from the monthly benefit checks of many Social Security recipients.
So dispensaries can’t deduct typical business expenses from their taxable income.
And there’s more reason to itemize: Republicans increased the cap on deducting state and local taxes, or SALT, to $40,000 from $10,000, for people making $500,000 or less.
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