tax deduction

Synonyms:

deduction, tax write-off

Types:

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tax benefit, tax break

a tax deduction that is granted in order to encourage a particular type of commercial activity

business deduction

tax write-off for expenses of doing business

exemption

a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)

entertainment deduction

deduction allowed for some (limited) kinds of entertainment for business purposes

Type of:

write-down, write-off

(accounting) reduction in the book value of an asset