tax deduction (redirected from Tuition and fees deduction)

Thesaurus

Noun

1.

tax 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 deduction, tax write-off 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