deduction

Reading level: hard

Estimated CEFR level: C1 — Advanced

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
  2. noun an amount or percentage deducted
  3. noun something that is inferred (deduced or entailed or implied)

Etymology

From Middle French déduction, from Latin deductio. Equivalent to deduct + -ion or deduce + -tion.

In classic literature

Synonyms

tax write-off, tax deduction

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