NOUN
- a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
How To Use tax deduction In A Sentence
- Will the grower lose all expenses and other tax deductions relating to his or her small business or farming enterprise?
- During the national election campaign, Mr. Klein boasted he'd open more private clinics and begin a tax deduction based on income to raise more revenue.
- Calculate and schedule each tax deduction on the proper form.
- Contributions to the Rotary DAF typically qualify for a U.S. income tax deduction.
- Taxpayers have two options with respect to the determination of the sales tax deduction amount. Christianity Today
- Taxpayers have two options with respect to the determination of the sales tax deduction amount. Christianity Today
- Such income will henceforth be taxed in the hands of the recipients at the rates applicable to them, and will be subject to tax deduction at source at the rate of 10%.
- Use the following chart as a guideline to determine if you are able to get a tax deduction for the amount you contribute.
- And throw in some measures to bring down costs like tort reform, allowing insurance companies to compete across state lines and and allow those not coverd by work to deduct treat their insurance premiums as a tax deduction, just like those who are coved by employer based insurance. Senate to vote Saturday on opening debate on health care bill
- DVDs, video games, paperbacks, housewares, unopened toiletries, unopened energy bars, even unused bellybutton rings: If it might have otherwise languished in a basement, closet, cabinet or drawer — or ended up at Goodwill in exchange for a teensy tax deduction — it's ripe for swapping. Sign of the times: Going swapping, not shopping
