Home / Dictionary / Tax deduction

Tax deduction Uncommon

Origin: Latin suffix -tion

Noun

Definitions
Noun
1

a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

See Also
tax break
Related Terms
Broader Terms (hypernyms)
write-off
Narrower Terms (hyponyms)
tax benefit business deduction exemption
Rhyming Words
ion aion tion zion pion sion gion bion fion lion dion cion rion orion obion axion deion trion diion arion
Compare
Tax deduction vs