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tax deduction
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noun
an expenditure that is deducted from taxable income.
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Words nearby tax deduction
tax break, tax certificate, Taxco, tax credit, tax-deductible, tax deduction, tax deed, tax-deferred, tax-deferred annuity, tax disc, taxeme
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use tax deduction in a sentence
Cultural definitions for tax deduction
tax deduction
An expense, such as a charitable contribution, that can be deducted from one's taxable income. Unlike a tax shelter, a tax deduction does not necessarily take the form of an investment.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.