tax deduction

Frequency: 8.525.5 per million words

An amount that can be subtracted from your income before calculating the tax you owe.

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Examples (10)

  • Donating to a registered charity allows you to claim a tax deduction.
  • Many freelancers forget to claim the home office tax deduction.
  • An accountant helped me find every possible tax deduction I was entitled to.
  • The standard tax deduction has increased this year, benefiting many households.
  • Is the interest on student loans eligible for a tax deduction?
  • Keep your receipts for business expenses to maximize your tax deductions.
  • The government introduced a new tax deduction to encourage green energy investments.
  • Understanding what qualifies as a legitimate tax deduction can be complex.
  • He was disappointed to learn that his renovation costs did not qualify for a tax deduction.
  • A larger tax deduction directly reduces your overall taxable income.