tax deduction Meaning in the Cambridge English Dictionary
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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 ​taxdeductionsavailable 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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