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Tax deduction |
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Tax deductionA provision of the tax code that specifies an amount by which a taxpayer's tax base will be reduced in return for some behavior, resulting in a lowering of the amount of tax paid that depends on their tax rate.Tax deductionAn expense that a taxpayer is allowed to deduct from taxable income.Tax deduction Similar MatchesMarital deductionMarital deductionA tax deduction that allow spouses to transfer unlimited amounts of property to one another. Dividends received deductionDividends received deductionA corporate tax deduction on income allowed by company A that is in ownership of shares of company B and receives dividends on the shares of company B. Itemized deductionItemized deductionSpecific deductions allowed by the IRS outlined in the tax return. DeductionDeductionAn expense that is allowable as a reduction of gross taxable income by the IRS e.g., charity donations. Mortgage interest deductionMortgage interest deductionIn the US, an allowable federal tax deduction for the annual interest paid on a mortgage. Further SuggestionsMortgage interest deductionStandard deduction deduction certificate of deduction of tax Unlimited marital deduction Interest deduction |
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