tax deduction

• Ein Betrag, der vom steuerpflichtigen Einkommen einer natürlichen oder juristischen Person abgezogen werden kann, um die insgesamt zu zahlende Steuer zu verringern.

An expense that can be subtracted from a person's or company's gross income to reduce the total amount of income subject to taxation.

1. Tax deductionB2formal

   An expense that can be subtracted from a person's or company's gross income to reduce the amount of income that is subject to tax.

   Steuerabzug

   • You can claim a tax deduction for charitable donations.
   • Mortgage interest is a common tax deduction for homeowners.
   • Business expenses are often eligible as tax deductions.