Akademik

income tax deduction
income tax deduction income tax deduction deduction

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income tax deduction UK US noun [C or U]
TAX an amount of money, such as the cost of something that you need to do your work, that the tax authorities allow you to subtract from your income before you calculate your tax payments: »

Journalists' unions want a 30% income tax deduction for professional expenses.


Financial and business terms. 2012.