Deduction

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Deduction may refer to:

Logic[edit]

Taxation[edit]

  • Tax deduction, variable tax dollars subtracted, (or deducted,) from gross income.
    • Itemized deduction, eligible expense that individual taxpayers in the United States can report on their Federal income tax returns
    • Standard deduction, dollar amount that non-itemizers may subtract from their income