tax deduction

What does tax deduction mean?

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

What is another word for tax deduction?

Close synonyms include tax write-off, deduction. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is tax deduction a common word?

tax deduction is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.

Definitions, synonyms and semantic relations for tax deduction come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.