deduction

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deduction

 [de-duk´shun]
reasoning in which the conclusion follows necessarily from the premises; reasoning from the general to the particular.

de·duc·tion

(dē-dŭk'shŭn),
The logical derivation of a conclusion from certain premises. The conclusion will be true if the premises are true and the deductive argument is valid. Compare: induction (9).

de·duc·tion

(dĕ-dŭk'shŭn)
The logical derivation of a conclusion based on certain premises. The conclusion will be true if the premises are true and the deductive argument is valid.
Compare: induction (9)
References in periodicals archive ?
Election service compensation was not charged with income tax before, until in 2018 when the Bureau of Internal Revenue (BIR) ordered for the automatic 5% tax deduction of election service honorarium and travel allowance," the group said.
If you have enough pass-through tax deductions, it's possible that you could actually have a negative taxable income.
The mortgage interest deduction and the state and local tax deduction make homeownership more affordable, while 1031 like-kind exchanges help investors keep inventory on the market and money flowing to local communities," Brown said.
Well, in December 2014, Congress passed and the President signed the Tax Increase Prevention Act of 2014, a bill granting, among other things, a one-year extension to the 179D tax deduction. However, that one year was 2014.
Tax deductions for employing the elderly and the physically disabled will also be increased from 10 million won per employee to 15 million won.
Beginning with the 2012 tax return, the FTB says it may include reporting requirements related to real estate tax deductions. You may be required to report the property parcel numbers and the deductible and nondeductible amounts from taxpayers' property tax bills.
PRINCETON, NJ -- Americans make it clear they want to keep common federal income tax deductions, regardless of whether the proposed elimination of those deductions is framed as part of a plan to lower the overall income tax rate or as a way to reduce the federal budget deficit.
You likely have a record of large donations made to your church or favorite charity, but smaller gifts, including food and clothing, can also count as tax deductions.
This article modifies Kaplow's (1992b) findings to explain why tax deductions for net losses might be socially optimal.
Fifth, as the chairman of the ASHRAE committee that published the benchmark for determining the energy cost savings under the law, it is my opinion that it will be extremely difficult to achieve sufficient energy cost savings that qualify for full tax deductions for the building envelope and mechanical systems, and almost impossible to achieve them economically.
Finally, Democrats say they'll seek a tuition tax credit worth up to $3,000 to replace a mish-mash of existing tax deductions. They maintain that the credit will be worth more, equivalent to a $12,000 tax deduction for most middle-class families.
The Toyota Prius and Ford Escape Hybrid afford some of the highest income tax deductions: The Prius comes to its new owner with a $3150 tax credit and the Ford Escape Hybrid, $1950.