tax deductions
Tax deductions are financial deductions allowed by tax laws that reduce the taxable income of an individual or business, thereby reducing the amount of tax owed to the government.
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Related Concepts (35)
- business expense deductions
- capital gains tax
- capital gains tax reforms
- charitable contributions deductions
- corporate tax
- corporate taxes
- dependent deductions
- dividend taxes
- earned income tax credit (eitc)
- education-related deductions
- flat tax
- flat tax reforms
- health savings account deductions
- home office deductions
- itemized deductions
- medical expense deductions
- mortgage interest deductions
- personal income taxes
- progressive taxation
- property taxes
- real estate tax deductions
- regressive taxation
- retirement contributions deductions
- sales taxes
- self-employment deductions
- standard deduction
- state and local taxes deductions
- tax code simplification reforms
- tax credit reforms
- tax credits
- tax planning
- tax policies
- tax policy reforms
- taxation
- taxation policies
Similar Concepts
- corporate tax deductions
- estate tax deductions
- estate tax deductions and credits
- input tax deductions
- property tax deductions
- state and local tax deductions
- tax deduction reforms
- tax deductions and loopholes
- tax deductions for college education expenses
- tax deductions for education expenses
- tax deductions for retirement savings
- tax deductions for self-employed individuals
- tax deductions for small business owners
- tax exemptions and deductions
- tax-deductible expenses