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).

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 ?
And the more your federal tax deductions and exemptions are impacted by income-related phaseouts, the greater the incentive to shift income, especially if the proposed federal increases take place.
I have no objections when the deduction goes for houses," says Rep.
Only 17% or 22 million taxpayers claimed mileage deductions in 2004.
Under such an interpretation, a flail deduction could be taken for interest on debt incurred to purchase or carry qualified tax-exempt obligations, the interest on which is wholly exempt from Federal income taxes.
The couple argued that since the section 216 deduction had not been specifically disallowed, it was permitted in computing the AMT.
Deduction of income attributable to domestic production activities;
Of course, before proceeding with a conservation easement donation, potential easement donors are always advised to consult with their attorneys and tax professionals to understand the specific legal requirements and tax consequences associated with conveying a conservation easement and receiving a tax deduction.
The best deductions are money you're already paying that you can convert,'' said Hall.
Most existing long-term care insurance policies will qualify for the tax deduction under these regulations.
861-8(e)(12)(iii), charitable contribution deductions that fall within neither of the foregoing special rules will be apportioned ratably on the basis of gross income in accordance with Treas.
If it is, and it's only used for business, you're entitled to home office deductions.
In calculating the 3-percent floor, all other limitations relating to itemized deductions apply first.