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单词 tax-deductible
释义

tax-deductible


tax-de·duct·i·ble

(tăks′dĭ-dŭk′tə-bəl)adj. Exempt from inclusion in one's taxable income.

tax-deductible

adj (Accounting & Book-keeping) (of an expense, loss, etc) legally deductible from income or wealth before tax assessment

tax′-deduct`ible



adj. noting an item the value of which is deductible from the amount on which a tax is calculated. [1950–55]
Translations
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Tax-deductible


Tax-deductible

The effect of creating a tax deduction, such as charitable contributions and mortgage interest.

Deduction

An amount of money that one may subtract from one's gross annual income when calculating one's income tax liability. A common misconception about tax deductions is that they represent a dollar-for-dollar reduction of one's tax liability. Rather, a deduction removes a certain dollar amount from the income the IRS uses to calculate the percentage of one's income that is owed in taxes. Common deductions are charitable contributions, business expenses, and interest on mortgages. See also: Tax credit.
ThesaurusSeetax deduction
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