An expense subtracted from adjusted gross income when calculating taxable income, such as for state and local taxes paid, charitable gifts, and certain types of interest payments. also called tax deduction.
Related information about deduction:
- Deduction - Wikipedia, the free encyclopedia
Deduction may refer to: in logic: Deductive reasoning, inference in which the conclusion is of no greater generality than the premises; Natural deduction, ...
- Deduction - Merriam-Webster Online
a : an act of taking away <deduction of legitimate business expenses>. b : something that is or may be subtracted <deductions from his taxable income>. 2 ...
- deduction - definition of deduction by the Free Online Dictionary ...
An amount that is or may be deducted: tax deductions. 3. The drawing of a conclusion by reasoning; the act of deducing. 4. Logic. a. The process of reasoning in ...
- Deduction | Define Deduction at Dictionary.com
something that is or may be deducted: She took deductions for a home office and other business expenses from her taxes. 3. the act or process of deducing. 4.
- The Science of Deduction
The Science of Deduction. by Sherlock Holmes. Sherlock Holmes. I'm Sherlock Holmes, the world's only consulting detective. I'm not going to go into detail ...
- Tax Topics - Topic 551 Standard Deduction
Oct 31, 2012 ... The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. In general, the standard deduction is ...
- CATHOLIC ENCYCLOPEDIA: Deduction
An argument or reasoning process, that kind of mediate inference by which from truths already known we advance to a knowledge of other truths necessarily ...
- deduction - Wiktionary
deduction (plural deductions) ... You might want to donate the old junk and just take the deduction. ... He arrived at the deduction that the butler didn't do it.