deduction

Meanings

Noun

• a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
• an amount or percentage deducted
• something that is inferred (deduced or entailed or implied)
• reasoning from the general to the particular (or from cause to effect)
• the act of subtracting (removing a part from the whole)
• the act of reducing the selling price of merchandise

Synonyms

deductive reasoning, discount, entailment, implication, price reduction, subtraction, synthesis, tax deduction, tax write-off