deduct

American  

[dih-duhkt] / dɪˈdʌkt /

verb (used with object)

1. to take away, as from a sum or amount.

   Once you deduct your expenses, there is nothing left.

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verb (used without object)

1. detract; abate (usually followed byfrom ).

   The rocky soil deducts from the value of his property.

deduct British  

/ dɪˈdʌkt /

verb

1. (tr) to take away or subtract (a number, quantity, part, etc)

   income tax is deducted from one's wages

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Related Words

See subtract.

Other Word Forms

• prededuct verb (used with object)
• undeducted adjective

Etymology

Origin of deduct

First recorded in 1375–1425; late Middle English, from Latin dēductus “brought down, withdrawn,” past participle of dēdūcere; deduce

Example Sentences

A “hotchpot clause” in your will ensures fairness by effectively deducting the advance gifts from their inheritance share, retroactively calculating what each heir has already received.

From MarketWatch

Other methods include deducting transportation fees, and excluding certain research and development costs.

From The Wall Street Journal

Consequently, while the revenue stays on the books, the earnings attributable to insiders are deducted at the bottom of the income statement through a line for “non-controlling interests.”

From The Wall Street Journal

It calls it a capital investment, and deducts it from earnings little by little.

From Barron's

It calls it a capital investment, and deducts it from earnings little by little.

From Barron's

Related Words

• reduce
• subtract
• withdraw
• write off