verb (used with object)
verb (used without object)
Origin of deduct
Examples from the Web for deduct
Blumenauer proposes to change the law to allow dispensaries to deduct expenses and thus retain more of their earnings.
Or rather, they allowed it, but they wouldn't let you deduct any payments into an already overfunded plan.
That's because they can deduct it--and you don't have to pay taxes on it.Our Tax Code is Too Complicated. Here's How to Simplify It.|Megan McArdle|April 15, 2013|DAILY BEAST
They get that they are permitted under current law to deduct the interest they pay on their mortgages.Michael Tomasky on Mitt Romney’s Sham Economic Plan|Michael Tomasky|September 25, 2012|DAILY BEAST
Firms can deduct their business investments, and households pay no taxes on interest, dividends and capital gains.
It's time to allow families to deduct the interest they pay on student loans.
He prefers to accept our estimate of the interval as authentic, and to deduct each hour as it passes.When Ghost Meets Ghost|William Frend De Morgan
He does it willingly, but the master has power to deduct it from his wages in the name of the Guild.A Tramp's Wallet|William Duthie
So I propose allowing all taxpayers, whether they itemize or not, to deduct their charitable contributions.
We pay income tax on all our earnings, and deduct from our gross profits.Readings in Money and Banking|Chester Arthur Phillips
British Dictionary definitions for deduct
Word Origin for deduct
Word Origin and History for deduct
early 15c., from Latin deductus, past participle of deducere "lead down, bring away;" see deduce, with which it formerly was interchangeable. Technically, deduct refers to taking away portions or amounts; subtract to taking away numbers. Related: Deducted; deducting.