Definitions
There is 1 meaning of the phrase
Tax Deduction.
Tax Deduction - as a 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
Synonyms (Exact Relations)
deduction13tax write-offHypernyms (Closely Related)
write-downwrite-offHyponyms (Broadly Related)
Example Sentences
"The tax deduction for mortgage interest can help homeowners save money."
"Donating to charity can result in a tax deduction for the amount donated."
"Business expenses like travel and meals may qualify for a tax deduction."
"Self-employed individuals can claim a tax deduction for health insurance premiums."
"Investing in certain retirement accounts can provide a tax deduction."
