tax deduction

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Related to Deductible expense: Out of Pocket Expense
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax deduction - a reduction in the gross amount on which a tax is calculatedtax deduction - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
tax benefit, tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
business deduction - tax write-off for expenses of doing business
exemption - a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.); "additional exemptions are allowed for each dependent"
write-down, write-off - (accounting) reduction in the book value of an asset
References in periodicals archive ?
Income tax systems typically recognize interest gains on debt instruments as a deductible expense.
They would then be able to claim back all of their property tax as a deductible expense.
In the event that the debt exceeds this ratio, the excess interest is not accepted by the Tax Authority as a deductible expense.
Under the business connection requirement, the employee must pay or incur a deductible expense, and the expense must arise in connection with the employee's performance of services for the employer (Regs.
Depreciation is a deductible expense, based on the notion that everyday wear and tear on a property should be recognized ratably over the expected useful life of that property.
The premiums are modest for a $5,000 deductible policy and should be a deductible expense for taxpayers.
2001) "observing that 'a transaction that lacks economic substance is not recognized for [f]ederal tax purposes' and that 'denial of recognition means that such a transaction cannot be the basis for a deductible expense.
The contribution to a pure captive is not a tax deductible expense.
Buying your employees gifts will be a deductible expense for the company, but likely to be taxed as a benefit in kind on each individual employee.
The cost of Quicken Rental Property Manager is less than $100 and it is a tax deductible expense.
The investment company can also make loans to its parent; generally, the interest the parent pays for the loan is a deductible expense.
Contains comprehensive information on each deductible expense, including dollar limits and record-keeping requirements