- Types:
- show 4 types...
- hide 4 types...
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deduction, tax deduction, tax write-off
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
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tax benefit, tax break
a tax deduction that is granted in order to encourage a particular type of commercial activity
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business deduction
tax write-off for expenses of doing business
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exemption
a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
