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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.

Tax software from H&R Block, TurboTax and others will automatically import last year’s data, import W-2s and 1099s, calculate deductions, check for errors, and transfer federal data to state returns.

From MarketWatch

The Sinn Féin economy minister has said all households are in line for a £30 deduction from their electricity bills in July.

From BBC

You want to itemize this year when you took the standard deduction last year?

From MarketWatch

“Taxpayers should watch this issue closely, as they can miss valuable deductions or pay tax twice on the same income,” says JoAnn May, a CPA near Chicago.

From The Wall Street Journal

I’m exploring making one or more charitable contributions as a deduction from my required minimum distributions, if the organization qualifies.

From MarketWatch