tax deduction

  1. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
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How To Use tax deduction In A Sentence

  • There are a wider variety of tax deductions and credits, plus the property earns a higher income flow and the usual equity increase.
  • For what I believ is a tax deduction and nothing more. Think Progress » $7.74
  • Generally, no tax deduction is allowable in the case of travel between home and work.
  • The city offers free-trade zones with preferential taxing, single company free-trade zones, income tax deductions and local tax exceptions to businesses. Times, Sunday Times
  • Here is an idea, for every man-day spent in a classroom actually teaching or helping teachers teach students, business should be able to make a tax deduction of say 3-4 man hours of time. Archive 2006-04-01
  • If you're a member of the reserves or National Guard, you may be eligible for a new tax deduction this year.
  • The Inland Revenue originally wanted the machinery ring to be responsible for tax deductions for such workers.
  • An unprepossessing script in somebody's bottom drawer, worked on creatively by a dedicated team of top experts, becomes a brilliant, world-class tax deduction, often without ever even getting a release!
  • The competent tax authorities shall strengthen their management on the business accounting of tax deduction ledgers.
  • A Tax deduction, on the other hand, which we ALL get to claim on our federal tax forms if we give enough charity to qualify, is subtracted on our tax return from the income we made. The Volokh Conspiracy » The Latest School Choice Controversy Now Before the Supreme Court
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