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Definitions

deduct

[dih-duhkt] / dɪˈdʌkt /


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

This allows the trust to deduct the distributed amount on Form 1041, while the beneficiaries report it on their personal income-tax Form 1040.

From MarketWatch • May 23, 2026

This means, for example, they can deduct the cost of investment in developing projects against tax and carry forward those credits against future profits.

From BBC • May 6, 2026

Let’s run through three options if you are not eligible to deduct the contribution: remove it, recharacterize it or leave it in the IRA.

From MarketWatch • Apr. 20, 2026

That means a taxpayer in the highest bracket who gives $10,000 to charity beyond the 0.5% floor could deduct only $3,500, rather than $3,700.

From The Wall Street Journal • Apr. 6, 2026

“I'm going to have to deduct the money for a glass beetle,” the burly redbeard announced as he let himself fall into his vast armchair.

From "The Thief Lord" by Cornelia Funke




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