anamountorcostthat can besubtractedfrom someone'sincomebeforecalculatinghow muchtaxtheyowe:Taxpayers should use all thetaxdeductionsavailableto them tokeeptheirbillaslowaspossible.(Definition oftax deductionfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesoftax deduction
tax deductionIf the original estimate of the options' cost was too low, there will be moretaxdeductionallowed than was at first estimated.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The collector would donate the painting to the museum, receiving ataxdeductionfor the market value of the painting.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The states do not allow ataxdeductionfor income taxes, whether federal or state.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These may include charging a higher cost to a wealthier client, obtaining grants from government agencies or non-profit organizations, or obtaining ataxdeduction.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.However, it does not extend most benefits of legal marriage to domestic partners, such as the marital estatetaxdeduction.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In addition to depreciation, an investor will usually claim the interest portion of his monthly mortgage payment as ataxdeduction.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In addition, truck drivers have a special way of calculating ataxdeductionfor per diem.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The law allowed state taxpayers to an incometaxdeductionfor any expenses toward their children's tuition, textbooks and transportation to school.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The former being a tax credit and the latter being ataxdeduction.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.For example, ataxdeduction(private good) can be "tied" to a donation to a charity (public good).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/tax-deduction##
