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)
Hypernyms (Closely Related)
Hyponyms (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."
