business deduction

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Noun

business deduction - tax write-off for expenses of doing business

entertainment deduction - deduction allowed for some (limited) kinds of entertainment for business purposes

deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

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deduction
entertainment deduction

tax deduction
tax write-off

This overhead becomes a business deduction when paid by the farming operation, and represents a tax-free fringe to the employee.

Taxing Matters by Top Producer

19), any deductible casualty loss will be deemed a business deduction.

A primer on individual NOLs by Kirk, David H. / The Tax Adviser

The tax benefit attributable to the regular business deduction for R&D expenditures is ignored.

Are U.S. tax incentives for corporate R&D likely to motivate American ... by Billings, B. Anthony / Tax Executive

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