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deduction
noun
de·duc·tion di-ˈdək-shən 
dē-
2
a
: the deriving of a conclusion by reasoning
specifically : inference in which the conclusion about particulars follows necessarily from general or universal premises (see premise entry 1 sense 1) compare induction
Example Sentences
The government is offering new tax deductions for small businesses. What is your pay after the deductions have been taken out? His guess was based on intuition rather than deduction. Our deduction was based on the information given to us at the time. It was a logical deduction.
Recent Examples on the Web For the 2022 tax year, the maximum deduction is $300, up from $250 for 2021. 
Tom Herman, WSJ, 8 Sep. 2022 An above-the-line deduction is one that is subtracted from your gross income to determine your AGI. Tom Cooney And Crystal Faulkner, The Enquirer, 19 July 2022 The 2017 Tax Cuts and Jobs Act nearly doubled the standard deduction, resulting in fewer taxpayers itemizing deductions on their tax returns. Michelle Singletary, Washington Post, 13 July 2022 Besides, the deduction for volunteering is just 14 cents a mile — a rate that hasn’t budged in more than a decade and won't change anytime soon. Russ Wiles, USA TODAY, 19 June 2022 Besides, the deduction for volunteering is just 14 cents a mile — a rate that hasn’t budged in more than a decade and won't change anytime soon. Russ Wiles, The Arizona Republic, 19 June 2022 The laws also envision adjusting the standard income tax deduction by the cost of living in future tax years and gradually reducing the top corporate income tax rate from 5.9% to 5.3% on Jan. 1, 2025, under certain conditions. Michael R. Wickline, Arkansas Online, 23 Apr. 2022 The deduction is fully available to people who aren't covered by a retirement plan at their workplace. Aimee Picchi, CBS News, 14 Apr. 2022 For 2022, the standard deduction will be $12,950 for individuals or married people filing separately and $25,900 for married couples filing jointly. Los Angeles Times, 29 Mar. 2022 See More
Tom Herman, WSJ, 8 Sep. 2022 An above-the-line deduction is one that is subtracted from your gross income to determine your AGI. Tom Cooney And Crystal Faulkner, The Enquirer, 19 July 2022 The 2017 Tax Cuts and Jobs Act nearly doubled the standard deduction, resulting in fewer taxpayers itemizing deductions on their tax returns. Michelle Singletary, Washington Post, 13 July 2022 Besides, the deduction for volunteering is just 14 cents a mile — a rate that hasn’t budged in more than a decade and won't change anytime soon. Russ Wiles, USA TODAY, 19 June 2022 Besides, the deduction for volunteering is just 14 cents a mile — a rate that hasn’t budged in more than a decade and won't change anytime soon. Russ Wiles, The Arizona Republic, 19 June 2022 The laws also envision adjusting the standard income tax deduction by the cost of living in future tax years and gradually reducing the top corporate income tax rate from 5.9% to 5.3% on Jan. 1, 2025, under certain conditions. Michael R. Wickline, Arkansas Online, 23 Apr. 2022 The deduction is fully available to people who aren't covered by a retirement plan at their workplace. Aimee Picchi, CBS News, 14 Apr. 2022 For 2022, the standard deduction will be $12,950 for individuals or married people filing separately and $25,900 for married couples filing jointly. Los Angeles Times, 29 Mar. 2022 See More Word History
Phrases Containing deduction
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