A legal deduction from one's personal taxable income for money spent on specific goods and services, such as property taxes and charitable contributions. These deductions must be itemized — that is, individually listed and documented — on one's tax return.
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Words nearby itemized deduction
Example sentences from the Web for itemized deduction
That would have involved overturning a 1977 Court decision that upheld automatic deduction of union dues.Only Eight Years of President Hillary Can Take the Supreme Court Away From Conservatives|Michael Tomasky|June 30, 2014|DAILY BEAST
True, making an Item 24 deduction requires me to “Attach Form 2106.”Up to a Point: I Do My Own Taxes With No Help, Except From a Couple of Bloody Marys|P. J. O’Rourke|April 15, 2014|DAILY BEAST
The devil was predictably in the details, with a surcharge on the rich and a call to end the state and local tax deduction.RIP: Obama’s Grand Bargain With the GOP on Entitlements|John Avlon|March 2, 2014|DAILY BEAST
Apparently, not much has really changed since Bill took a $2 tax deduction for each pair of underwear that he donated to charity.The Clintons Can’t Shake Their Reputation for Ethical Shadiness|Lloyd Green|September 19, 2013|DAILY BEAST
Small donors, of less than $200, are grouped together in un-itemized donations.
This was considered by the Post-office Department as an average deduction of 53 per cent.
The amount so collected was to be paid to the tithe-owners, subject to a deduction of three per cent.The History of England in Three Volumes, Vol.III.|E. Farr and E. H. Nolan
Does he prove that criminal procedure against the colonies would fail, by sign or by deduction?
The great conclusions are reached by the certain methods of elimination and deduction.
No more logical deduction was possible than this commencement of decentralization within the Prussian monarchy.