HyperDic: tax_deduction

English > 1 sense of the expression tax deduction:
NOUNpossessiontax deduction, tax write-off, deductiona reduction in the gross amount on which a tax is calculated
English > tax deduction: 1 sense > noun 1, possession
MeaningA reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.
Synonymstax write-off, deduction
Narrowerbusiness deductiontax write-off for expenses of doing business
exemptionA deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
tax benefit, tax breakA tax deduction that is granted in order to encourage a particular type of commercial activity
Broaderwrite-off, write-down(accounting) reduction in the book value of an asset
Spanishdeducción, desgravación
Catalandeducció, desgravació

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