follow Dictionary.com

Stories We Like: A Guide to the Comma

tax deduction

noun
1.
an expenditure that is deducted from taxable income.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
tax-deduction in Culture

tax deduction definition


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 American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Difficulty index for tax deduction

Few English speakers likely know this word

Word Value for tax

10
10
Scrabble Words With Friends

Quotes with tax-deduction