tax deduction

• Cantidad que puede restarse de la base imponible de una persona física o jurídica para reducir el total de ingresos sujetos a impuestos y, por tanto, el monto del tributo a pagar.

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.

   deducción fiscal

   • 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.