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View definitions for deduct

deduct

verb as in take away or out; reduce

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Example Sentences

Gillen’s campaign has also attacked D’Esposito for the Republicans' refusal to restore the state and local tax deductions, which had allowed taxpayers to deduct $10,000 of property, sales, or income taxes paid to a state or local government from their federal taxes.

From Salon

“They would issue the annual guidance in February, and by June or July, they would realise that the payment of salaries has exceeded the requirement. They then would come up with ways to set up performance goals to deduct people’s pay.”

From BBC

Most of that benefit goes to higher earners, who not only put more into their pension pots, but who often deduct income tax at a higher rate than the average worker.

From BBC

Before that, we could deduct all our state income and local property taxes on federal returns.

Not long after Trump's June promise to eliminate taxes on tips, Sen. Ted Cruz, R-Texas, introduced the "No Tax on Tips Act," a bill that would allow workers to deduct tips paid in cash, check or by credit and debit cards on their federal income taxes.

From Salon

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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

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