Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tax deduction”

tax deduction

noun [C]
an amount or cost that can be subtracted from someone's income before calculating how much tax they owe: Taxpayers should use all the tax deductions available to them to keep their bill as low as possible.
(Definition of tax deduction from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tax deduction?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “tax deduction”

Word of the Day


a baby of particular animals, or a puppy

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More