business deduction

Definitions of business deduction
  1. noun
    tax write-off for expenses of doing business
    see moresee less
    types:
    entertainment deduction
    deduction allowed for some (limited) kinds of entertainment for business purposes
    type of:
    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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