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www.investopedia.com/terms/t/tax-deduction.asp

A tax deduction is a deduction that lowers a person’s tax liability by lowering his taxable income.Deductions are typically expenses that the taxpayer incurs during the year that can be applied ...

www.businessdictionary.com/definition/tax-deduction.html

Definition of tax deduction: Fixed amount or percentage permitted by taxation authorities that a tax payer can subtract from his or her adjusted gross income to arrive at the taxable income. Deductions typically include ...

www.investorwords.com/4890/tax_deduction.html

Definition of tax deduction: An expense subtracted from adjusted gross income when calculating taxable income, such as for state and local taxes paid,...

en.wikipedia.org/wiki/Tax_deduction

Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and credits. The difference between deductions, exemptions and credits is that deductions and exemptions both reduce ...

www.bankrate.com/glossary/t/tax-deduction

Deeper definition. Tax deductions are related to but distinct from tax exemptions. A tax deduction is a portion of taxable income that may be excluded from taxation when certain conditions are ...

www.merriam-webster.com/dictionary/deduction

A tax deduction is a subtraction from your taxable income allowed by the government for certain expenses, which will result in your paying lower taxes. ... Financial Definition of deduction. What It Is. A deduction is a reduction in taxable income, which thereby lowers the amount of taxes owed. Federal, state, ...

financial-dictionary.thefreedictionary.com/tax+deduction

tax deduction. An expense allowed as a reduction of taxable income.The most common individual deductions are for home mortgage interest,ad valorem and sales taxes,moving expenses associated with a job, charitable giving, and health-care costs.

www.investopedia.com/terms/p/property_tax_deduction.asp

Property tax deduction refers to state and local property taxes that are generally deductible from federal income taxes. These include real estate taxes, which include any state, local, or foreign ...

www.investorwords.com/4889/tax_deductible.html

Tax authorities specify the items that can be deducted from gross income for the purpose of reducing taxable income, and the specific rules governing the deductibility of each of these items. Some examples of tax-deductible items include mortgage interest, state and local taxes, unreimbursed business expenses, and charitable contributions.

www.thefreedictionary.com/deduction

Define deduction. deduction synonyms, deduction pronunciation, deduction translation, English dictionary definition of deduction. n. 1. The act of deducting; subtraction. 2. An amount that is or may be deducted: tax deductions. 3. The drawing of a conclusion by reasoning; the act of...