tax deduction


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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 ?
The telecom companies are providing relief to the consumers for 15 days and after it a new mechanism of tax deduction would be formulated with the officials of FBR.
Expanding on the 179D commercial energy efficiency tax deduction available to commercial businesses within the U.S., personal tax benefits are available when dealing with a nontaxable entity.
Islamabad -- Supreme Court Chief Justice Mian Saqib Nisar on Thursday took suo motu notice against Rs40 tax deduction on Rs100 mobile card.
'In addition to the tax deduction under Section 3, the incentives granted by theaters and cinemas shall be exempt from any amusement tax under the National Internal Revenue Code or any tax of similar nature on such kind of incentive that may be imposed by Local Government Units under the law,' Binay said her bill.
The mortgage interest deduction and the state and local tax deduction make homeownership more affordable, while 1031 like-kind exchanges help investors keep inventory on the market and money flowing to local communities," Brown said.
When managed correctly, donating appreciated stock can be beneficial for the charity and the donor, allowing the donor to make a larger gift while potentially claiming a higher tax deduction.
As mentioned on page 1, a new law makes the sales tax deduction permanent.
LAHORE -- The Lahore High Court on Monday declined request to stay tax deduction from the stipend of postgraduate trainee doctors.
While there are generally a good amount of questions and discussion, there is one question that almost always arises: "What's up with the 179D Commercial Building Tax Deduction?" This popular, albeit underutilized, tax deduction for retrofits to existing buildings expired at the end of 2013 along with several dozen other tax deductions and tax credits.
In a letter sent to finance minister PTBA said that a taxpayer suffering tax deduction of Rs 35000 and above under FTR was required to file the wealth statement till tax year 2013.
Health care costs are eligible for some tax deduction. Here's the list of rebates
Summary: Healthcare costs are eligible for some tax deduction. Here's the list of rebates.