Phrases with «to get a deduction»

"To get a deduction" means to lower the amount of money you have to pay in taxes by subtracting certain expenses or costs from your taxable income. Full definition

Related phrases

Sentences with «to get a deduction»

  • You don't get a deduction for contributions, but qualified distributions come out tax - free. (gobankingrates.com)
  • In this retirement account you don't get a deduction for contributing money today, but when you pull the money out in retirement you get to take the money out tax free. (artofbeingcheap.com)
  • You don't get a deduction when you put money into the account, but you won't owe any tax at all when you reach retirement age and begin distributions. (hardassetsalliance.com)
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