deduction


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Related to deduction: tax deduction

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).

deduction

Etymology: L, deducere, to lead
a system of reasoning that leads from a known principle to an unknown, or from the general to the specific. Deductive reasoning is used to test diagnostic hypotheses.

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 ?
Discrimination claims that qualify for the new deduction for AGI under section 62(a)(20).
New Law: No deduction is allowed for a charitable donation of clothing or household items unless they are in good used condition or better.
Also, in the case of a lighting system of a non-warehouse building that does not reduce lighting power density by at least 40%, only a prorated partial deduction is allowed.
Cindy Hockenberry, tax information analyst at the National Association of Tax Professionals, notes that since the deduction covers a loss some research work will need to be done.
On January 19, 2005, the Treasury Department and Internal Revenue Service released the first installment of the eagerly anticipated guidance implementing the new domestic production activities deduction of section 199.
lowered the ammout of federal tax withheld from their workers' paychecks, reflecting lower tax rates for most people and a larger standard deduction for married couples.
In 2001, when CRF last performed its customer deduction analysis, almost 65 percent of respondents indicated that they allow (credit or write-off) between 71 and 100 percent of their deductions after investigation, with an amazing 10 percent allowing over 95 percent of the deductions.
This means that the value of the deduction depends on the taxpayer's income.
Currently, the deduction is based on the fair rental value of accommodation, in recognition that a minister's house is often used for pastoral work.
Here is the most important piece of information in this book: You have to find these deductions yourself.
I have no objections when the deduction goes for houses," says Rep.