tax-deductible
tax-deductible (n)
English Definitions:
tax-deductible (Adjective)
That is exempt from payment of income tax.
tax-deductible
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.
tax-deductible
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"tax-deductible." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/tax-deductible>.
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