Tax Deduction

Definition: Tax Deduction

Tax Deduction

Noun

1. A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.

Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.
 

Synonym: Tax Deduction

Crosswords: Tax Deduction

You make a tax deduction on interest payments you don't even make! (Lethal Weapon 2; writing credit: Shane Black;)

Source: compiled by the editor from various references; see credits.

Books

• Smart Tax Write-Offs: Hundreds of Tax Deduction Ideas for Home-Based Businesses, Independent Contractors, All Entrepreneurs (reference)

  (more book examples)

Source: compiled by the editor from various references; see credits.

Business

Between 1998-2000, the number of Internet users has grown by 239%. Approximately 500,000 people use the Internet more than once a week. Another 750,000 use it no more than once a week. The lower prices and new sales strategies for PCs, especially the introduction of installment payment plans for computers with Internet access, has led to an increase in the number of home PCs. A fourth of all Czechs had access to a computer at home by mid-2000, compared to about 15% last year. The government intends to support this development by allowing a personal tax deduction for the purchase of a PC with Internet access. (references)

Children

Singapore

The Government allows a tax deduction of up to $1,900 (SD 3,500) per individual for families with a disabled family member. (references)

Civil Liberties

Hungary

In February several of the smaller churches whose members cannot participate in this tax deduction took the case to the Constitutional Court, which chose not to review it. In 2000 the Hungarian Tax Authority (APEH) initiated investigations of the Church of Scientology, based on questions regarding the registration of its clergy. (references)

Economic History

Israel

The licensee is entitled to claim an income tax deduction on royalties and fee payments. (references)

Political Economy

PHILIPPINES

BOI-registered firms that locate in less developed areas may be eligible to claim a tax deduction of up to 100 percent of outlays for infrastructure works and 100 percent of incremental labor expenses also for the first five years from registration. (references)

PHILIPPINES

Firms engaged in activities under the government's "Investment Priorities Plan" may register with the Board of Investments (BOI) for fiscal incentives, including three to six year income tax holidays and a tax deduction equivalent to 50 percent of the wages of direct-hire workers for the first five years from registration. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

Source: compiled by the editor from various references.

Dutch

belastingaftrek (allowance, relief.). (various references)

Esperanto

impostdepreno. (various references)

Finnish

veronpidätys, palkanpidätys (pay-roll withholding, stoppage). (various references)

French

déduction d'impôt (tax exemption), abattement d'impôt (tax exemption). (various references)

German

Steuerabzug (deduction of tax). (various references)

Pig Latin

axtay eductionday.(various references)

Swedish

skatteavdrag (degression). (various references)

Scrabble® Enable2K-Verified Anagrams

-2 letters: detoxicant.

-3 letters: adduction, antidoted, auctioned, cautioned, deduction, education, exudation, outdanced, tunicated.

-4 letters: adducent, antidote, catenoid, coattend, dictated, eduction, exaction, excitant, incudate, inducted, nictated, outacted, outdance, outdated, oxidated, taconite, tetanoid, toxicant, tunicate, uncoated, undotted, unexotic.

-5 letters: aconite, adenoid, attuned, auction, audient, audited, auxetic, candied, caution, codeina, conduit, context, coteaux, counted, ctenoid, daunted, decidua, dentoid, deontic, dictate, dioxane, dittoed, donated, duodena, exciton, exotica, extinct, induced, inexact, iodated, nictate, noctuid, notated, noticed, nutated, outdate, oxidant, oxidate, tacnode, taction, tainted, taunted, tetanic, tincted, toadied, tonetic, tunicae, unacted, unaided, uncoded, undated, untaxed.

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