tax deduction

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  • noun

Synonyms for tax deduction

a reduction in the gross amount on which a tax is calculated

References in periodicals archive ?
Under the May 2019 guidelines, those that can apply to the IRB to provide tax-deductible receipts for donors are not-for-profit institutions (including hospitals, universities, technical or vocational training institutes, public or charitable institutions) and not-for-profit organisations (including environmental protection or animal protection groups, cultural and art promotion organisations, organisations to manage funds to ease Malaysians' hardships, organisations managing public or private funds to build or improve local education institutes or to grant scholarships).
The account provides a tax-deductible option for down payments and other closing expenses.
Tax-Deductible Contributions Received from May 1, 2017, to December 31, 2017
Donations are tax-deductible to the fullest extent allowed by law and support the mission of TNF.
Roth IRA contributions are never tax-deductible. However, after you've had a Roth IRA for five years and reach age 59%, all distributions are tax-free.
SB 40, introduced by state Attorney General John Kroger, would revoke tax deductions for charities that spend 30 percent or less on actual charitable work, and require that such charities disclose in their fundraising materials that donations are not tax-deductible. Oregonians would then know that any charity seeking tax-deductible donations meets the state's minimum threshold of effective philanthropy.
350 sf studio co-op in a prewar walk-up building; unit has renovated kitchen, hardwood floors; maintenance $586 per month; 52 percent tax-deductible; asking price $309,000; 25 weeks on the market.
On the other hand, Roth IRA contributions are not tax-deductible, but earnings grow tax free, as long as the investor holds the account at least five years and doesn't start taking withdrawals until at least age 591/2.
It also allows homeowners to put money into tax-deductible hurricane savings accounts to be used to offset deductibles or to self-insure.
A portion of the cost of the event is a tax-deductible donation to Northern Ohio ISRI's college scholarship fund.
Tax-deductible contributions to a SEP can be as much as 20% of self-employment income, to a maximum of $44,000 in 2006.
Fully tax-deductible donations in support of WOOF!'s strays may be sent to: WOOF!
It solicited tax-deductible contributions to pay for similar ads in other newspapers.
* It makes large, tax-deductible contributions possible.