Definition of tax deduction Tax deduction
We found 1 definitions of tax deduction from 1 different sources.
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What does tax deduction mean?
WordNet
Noun |
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| tax deduction - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket | ||
| tax write-off, deduction | ||
| write-down, write-off the act of cancelling from an account a bad debt or a worthless asset | ||
| tax benefit, tax break a tax deduction that is granted in order to encourage a particular type of commercial activity | ||
| business deduction tax write-off for expenses of doing business | ||
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