Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun tax_deduction

1 sense of tax deduction

Sense 1
tax write-off, tax deduction, deduction -- (a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket)
       => write-off, write-down -- ((accounting) reduction in the book value of an asset)