Tax Deduction

Tax Deduction

Tax Deduction means: a reduction of taxable income. An amount (often a personal or business expense) that reduces income subject to tax.

See also other Tax Terms and Definitions in U.S.A.

tax credit; tax deductible; and specific deductions, such as interest deductions and medical expense deduction.

Federal Tax Deductions

This section provides with analysis and compliance guidance on every aspect of federal tax deductions, including itemized deductions, at-risk rules, charitable contributions, bad debts, and more. This area includes the following topics:

Alimony| Bad Debts| Bribes and Kickbacks| Charitable Contributions| Dependency Exemptions| Depreciation| Dividends| Domestic Production Deduction| Educational Expenses| Equipment Leasing| Housing| Interest Expenses| Legal and Accounting Fees| Limitations| Lobbying and Political Expenditures| Medical Expenses| Moving Expenses| Penalties| Research and Development Expenses| Start-Up Expenditures| State and Local Taxes| Trade or Business Expenses

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