Deduct - Law Dictionary Search Results

deduction

deduction 1 : an amount allowed by tax laws to be

deduct : to take away (an amount) from a total ;specif

personal exemption deduction see deduction

dependency deduction see deduction

deductible : allowable as a deduction de·duc·ti·bil·i·ty [-dək-tə-bi-lə-tē] n n :

charitable deduction see deduction

business deduction see deduction

mortgage interest deduction the interest cost of a mortgage, which is a tax

personal deduction see deduction

real estate property tax deduction a tax deductible expense reducing a taxpayer's taxable income. Source: