Deduction (Noun)
Meaning 1
Something that is inferred (deduced or entailed or implied); "his resignation had political implications".
Classification
Nouns denoting cognitive processes and contents.
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Meaning 2
The act of subtracting (removing a part from the whole); "he complained about the subtraction of money from their paychecks".
Classification
Nouns denoting acts or actions.
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Meaning 3
A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The mortgage interest payment on the couple's home is a valid deduction on their tax return.
- After claiming all eligible deductions, John's taxable income was significantly reduced.
- The company offered its employees a health insurance plan as a pre-tax deduction to help save on taxes.
- The charity donation was a substantial deduction on the philanthropist's annual tax return.
- The self-employed individual was able to claim a home office deduction on her tax return.
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Meaning 4
The act of reducing the selling price of merchandise.
Classification
Nouns denoting acts or actions.
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Meaning 5
Reasoning from the general to the particular (or from cause to effect).
Classification
Nouns denoting cognitive processes and contents.
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Meaning 6
An amount or percentage deducted.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The store offered a 10% deduction on all purchases made during the holiday season.
- A standard deduction of $1,000 was applied to the employee's annual salary.
- The insurance company made a deduction of $500 from the claimant's payout.
- The new tax law allowed for a deduction of up to $10,000 in charitable donations.
- The employee's paycheck showed a deduction of $200 for health insurance premiums.