Understanding the meaning of tax deduction - BoostVocab

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tax deduction

/tæks_dɪ'dəkʃən/

Synonyms of tax deduction Antonyms of tax deduction Examples of tax deduction Usage of tax deduction Parts of tax deduction Definition that contains tax deduction Words sounding like tax deduction Explanation of tax deduction

noun
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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Similar:

deduction tax write-off

type of:
write-down write-off

Explanation of tax deduction

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