an expenditure that is deducted from taxable income.
Examples from the web for tax deduction
If you get your dog from a rescue that has non-profit status, then you can use that as a tax deduction.
The present admin is cutting off exploration by removing the tax deduction or preventing access to land or sea leases.
The trophy hunters get a tax deduction if they donate the animal to a non-profit.
First, it should extend the tax deduction on health insurance premiums for payroll tax purposes.
There's another factor some have suggested: the mortgage interest tax deduction.
First, if you're a business that wants to outsource jobs, you shouldn't get a tax deduction for doing it.
No one has this sort of immediate and uncontrollable physical reaction to the prospect of a tax deduction a year or more hence.
In this case, donating the ball to a qualified charity would generate no tax deduction.
Employees can subtract the value of the donated time from their taxable income, and employers get the tax deduction.
Unmarried partners can't get a marital tax deduction, so they need to do careful estate planning.
tax deduction in Culture
tax deduction definition
An expense, such as a charitable contribution, that can be deducted from one's taxable income. Unlike a tax shelter, a tax deduction does not necessarily take the form of an investment.