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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

With a traditional IRA, you can deduct the contribution from this year’s taxable income — meaning that you are contributing pretax dollars.

From MarketWatch • Apr. 9, 2026

Under the new rules, that person wouldn’t be able to deduct $5,000 of their 2026 donation.

From The Wall Street Journal • Apr. 6, 2026

“Mrs. Kastor will deduct five points off my grade if I don’t hand my paper in by the end of first period!”

From "Auggie & Me" by R. J. Palacio




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