deductions Synonym

Synonyme deductions

subtractions - reductions - discounts - allowances - rebates - abatements - diminutions withdrawals - cutbacks - decreases - diminutions - detractions - removals - deductions


Deductions refer to amounts that are subtracted from a total, often used in the context of taxable income. These can include various forms of expenses, contributions, or losses that reduce an individual or business’s overall taxable income, leading to reduced tax liability. Common types of deductions in finance and tax context include standard deductions, itemized deductions, and deductions for specific expenses like medical costs, charitable donations, and interest on mortgage. The purpose of such deductions is to provide tax relief and incentivize certain financial behaviors.

Category: Finance Tags: Deductions Tax Finance


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