Word forms: (regular plural) tax deductions
(Accounting: Tax) A tax deduction is an expense that may be deducted for tax purposes. ▶ tax
⇒ Currently, businesses get a tax deduction of as much as $35,000 for architectural changes designed to aid customers or employees
with disabilities. ⇒ For a contribution to a charitable organization to produce a tax deduction, the donor must rid himself of all control over the property given. ⇒ A tax deduction is an expense that may be deducted for tax purposes.
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