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Definitions

deduction

[dih-duhk-shuhn] / dɪˈdʌk ʃən /




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.

And if you are running a business, various changes brought about under the act will increase your available tax deductions for 2025, possibly drastically.

From MarketWatch

Tax-filing season is officially open this year — and taxpayers age 65 and older may get an additional $6,000 deduction when they file a return.

From MarketWatch

If you’re taking the standard deduction, none of these things matter.

From MarketWatch

For the 2026 tax year, withholding tables have been changed, but it’s up to you to file a new W-4 tax withholding form to get the benefit of the new deductions in your paycheck.

From The Wall Street Journal

In some states, there may be deductions for affiliated state 529s.

From MarketWatch