English dictionary
tax deduction meaning and definition
Definition and meaning of tax deduction at MeaningMonkey.org. tax deduction meaning and definition in the English Dictionary.TAX DEDUCTION noun
Definition of tax deduction (noun)
- a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
- synonyms: deduction, tax write-off
Source: Princeton University Wordnet