tax deduction
n.
An amount subtracted from a taxpayer’s taxable income.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


tax deduction
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


tax deduction
n. A reduction in gross income in order to reduce one's income tax liability. It is worth a percentage of what a tax credit is worth.
See also tax credit.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

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