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deduct
[ dih-duhkt ]
verb (used with object)
- to take away, as from a sum or amount:
Once you deduct your expenses, there is nothing left.
verb (used without object)
- detract; abate (usually followed by from ):
The rocky soil deducts from the value of his property.
deduct
/ dɪˈdʌkt /
verb
- tr to take away or subtract (a number, quantity, part, etc)
income tax is deducted from one's wages
Other Words From
- prede·duct verb (used with object)
- unde·ducted adjective
Word History and Origins
Word History and Origins
Origin of deduct1
Synonym Study
Example Sentences
Gillen’s campaign has also attacked D’Esposito for the Republicans' refusal to restore the state and local tax deductions, which had allowed taxpayers to deduct $10,000 of property, sales, or income taxes paid to a state or local government from their federal taxes.
“They would issue the annual guidance in February, and by June or July, they would realise that the payment of salaries has exceeded the requirement. They then would come up with ways to set up performance goals to deduct people’s pay.”
Most of that benefit goes to higher earners, who not only put more into their pension pots, but who often deduct income tax at a higher rate than the average worker.
Before that, we could deduct all our state income and local property taxes on federal returns.
Not long after Trump's June promise to eliminate taxes on tips, Sen. Ted Cruz, R-Texas, introduced the "No Tax on Tips Act," a bill that would allow workers to deduct tips paid in cash, check or by credit and debit cards on their federal income taxes.
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