Phrases with «tax deduction»

A tax deduction is when you can subtract a certain amount of money from your income before calculating how much tax you owe. It helps lower the total amount of taxes you need to pay. Full definition

Related phrases

Sentences with «tax deduction»

  • If you are purchasing the second home to use as a rental property, you may qualify for tax deductions for your expenses. (hrblock.com)
  • If you pay for insurance on behalf of your sister or brother, you can not claim for tax deductions on health insurance. (policybazaar.com)
  • The budget offers a state income tax deduction of up to $ 10,000 for sending a student to private school. (politifact.com)
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