English noun: tax deduction | |||
1. | tax deduction (possession) a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket | ||
Synonyms | deduction, tax write-off | ||
Broader (hypernym) | write-down, write-off | ||
Narrower (hyponym) | business deduction, exemption, tax benefit, tax break | ||