en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Deduction
       
 
Back

Deduction

 Search definitions     
  Search  

Deduction
Any item or expenditure subtracted from gross income to reduce the amount of income subject to Tax.
    
Also referred to as "allowable deduction".  A Tax deduction or a Tax-deductible Expense affects a taxpayer's income Tax. A Tax deduction represents an Expense incurred by a taxpayer. It is subtracted from gross income when the taxpayer computes his or her income taxes. As a result, the Tax deduction Will lower overall taxable income and the amount of Tax paid. The exact amount of Tax savings is dependent on the Tax rate and can be complicated to determine.
    
For example, if you make $40,000 and you have a deduction for $1,000, then your taxable income is reduced to $39,000.
Posted by  Financial Research Associates, LLC
 
  Back  
  Print  
  Email  

 

private banking
private banking
private banking
private banking
private banking
private banking
private banking

Privatebanking.com
Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.
    Privatebanking.com
   
  Read more  
 
Ascent Limited
Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.
    Ascent Limited
   
  Read more  
 
 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©