Deduction - Law Dictionary Search Results
deductible
deductible : allowable as a deduction de·duc·ti·bil·i·ty [-dək-tə-bi-lə-tē] n n : a clause in an insurance policy that relieves the insurer of responsibility for
net
net [Anglo-French, clean, pure, from Latin nitidus bright, neat, from nitēre to shine] : remaining after deduction of all charges, outlay, or loss [the proceeds] compare gross
good time
good time : a deduction for good behavior made from a convict's term of imprisonment
Keep your definitions linked to case research
exemption
adjusted gross income under the tax laws see also Internal Revenue Code in the Important Laws section compare deduction, exclusion, tax credit de·pen·den·cy exemption [də-pen-dən-sē-] : an exemption that is allowed for each dependent who qualifies under
exclusion
from tax liability [a $10,000 annual per donee for gifts "W. M. McGovern, Jr. et al."] compare credit, deduction, exemption ex·clu·sion·ary [-zhə-ner-ē] adj
disposable income
disposable income : income available for disposal: as a : the income remaining to an individual after deduction of taxes b : the income of a debtor in bankruptcy that is not necessary to support the
disallow
disallow 1 : to deny the truth, force, or validity of [ed the deduction] [ a bankruptcy claim] 2 : to refuse to allow [ payment of benefits] dis·al·low·ance n
deduct
deduct : to take away (an amount) from a total ;specif : to take as a deduction [must be capitalized…rather than immediately ed "D. Q. Posin"] compare amortize
property
particular person qualified terminable interest property : property passing to a surviving spouse that qualifies for the marital deduction if the executor so elects providing that the spouse is entitled to receive income in payments made at
debt
securing the debt compare preference bad debt : a debt that cannot be collected NOTE: An income tax deduction is allowed for bad debts. consumer debt : debt that is incurred by an individual primarily for the
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Deduction - Law Dictionary Search Results
deductible
deductible : allowable as a deduction de·duc·ti·bil·i·ty [-dək-tə-bi-lə-tē] n n : a clause in an insurance policy that relieves the insurer of responsibility for
net
net [Anglo-French, clean, pure, from Latin nitidus bright, neat, from nitēre to shine] : remaining after deduction of all charges, outlay, or loss [the proceeds] compare gross
good time
good time : a deduction for good behavior made from a convict's term of imprisonment
Keep your definitions linked to case research
exemption
adjusted gross income under the tax laws see also Internal Revenue Code in the Important Laws section compare deduction, exclusion, tax credit de·pen·den·cy exemption [də-pen-dən-sē-] : an exemption that is allowed for each dependent who qualifies under
exclusion
from tax liability [a $10,000 annual per donee for gifts "W. M. McGovern, Jr. et al."] compare credit, deduction, exemption ex·clu·sion·ary [-zhə-ner-ē] adj
disposable income
disposable income : income available for disposal: as a : the income remaining to an individual after deduction of taxes b : the income of a debtor in bankruptcy that is not necessary to support the
disallow
disallow 1 : to deny the truth, force, or validity of [ed the deduction] [ a bankruptcy claim] 2 : to refuse to allow [ payment of benefits] dis·al·low·ance n
deduct
deduct : to take away (an amount) from a total ;specif : to take as a deduction [must be capitalized…rather than immediately ed "D. Q. Posin"] compare amortize
property
particular person qualified terminable interest property : property passing to a surviving spouse that qualifies for the marital deduction if the executor so elects providing that the spouse is entitled to receive income in payments made at
debt
securing the debt compare preference bad debt : a debt that cannot be collected NOTE: An income tax deduction is allowed for bad debts. consumer debt : debt that is incurred by an individual primarily for the
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