Deduction

Business / Accounting / Deduction: Business expenses or losses that are subtracted from gross income in computing taxable income.

Other Words for Deduction

Deduction Verb Synonyms: subtraction, diminution, decrease, reduction, withdrawal, removal, abstraction
Deduction Noun Synonyms: conclusion, inference, finding, reasoning, result
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Deductions (Food Stamps)

Business / Agriculture / Deductions (Food Stamps): When calculating a household’s monthly food stamp benefit, food stamp rules require calculation of its net income, with lower net income amounts (larger deductions) producing higher food stamp benef MORE

Net-After Deductions

Business / Debt / Net-After Deductions: An amount of money e.g. income you take home after income tax, national insurance contributions, payments towards a pension scheme or any other deductions have been deducted, usually by your employer MORE

Itemized Deduction

Business / Accounting / Itemized Deduction: Amounts paid by an individual taxpayer for personal and quasi-business expenses that can be deducted in computing taxable income, such as medical expenses, property and income taxes, mortgage and inve MORE

Mortgage Interest Deduction

Business / Finance / Mortgage Interest Deduction: A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. MORE

Tax Deduction

Business / Accounting / Tax Deduction: An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax Credit, Tax Exemption.) Tax Deferred Investments MORE

Marital Deduction

Business / Finance / Marital Deduction: A tax deduction that allow spouses to transfer unlimited amounts of property to one another. MORE

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