as in subtracting
to take away (an amount or number) from a total
after deducting taxes, what's left is your net pay for the week
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Recent Examples of deducting
Additionally, these businesses are subject to a federal tax code that prohibits them from deducting operating expenses from taxable income, driving up costs.
—
Tiney Ricciardi, The Denver Post, 30 Sep. 2024
Not Accounting for All Your Tax Benefits One of the most important tax savings tools for the self-employed is deducting business expenses.
—Ryan Derousseau, Forbes, 30 Sep. 2024
Tiney Ricciardi, The Denver Post, 30 Sep. 2024
Not Accounting for All Your Tax Benefits One of the most important tax savings tools for the self-employed is deducting business expenses.
—Ryan Derousseau, Forbes, 30 Sep. 2024
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“Deducting.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/deducting. Accessed 28 Nov. 2024.
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