tax deduction Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “tax deduction” in the English Dictionary

"tax deduction" in Business English

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tax deductionnoun [C]

uk   us   TAX
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)
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