income tax deduction Meaning in the Cambridge English Dictionary
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Meaning of “income tax deduction” in the English Dictionary

"income tax deduction" in Business English

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income tax deductionnoun [C or U]

uk   us  
TAX an ​amount of ​money, such as the ​cost of something that you need to do your ​work, that the ​taxauthoritiesallow you to ​subtract from your ​income before you ​calculate your ​taxpayments: Journalists' ​unions want a 30% ​incometaxdeduction for ​professionalexpenses.
(Definition of income tax deduction from the Cambridge Business English Dictionary © Cambridge University Press)
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