Sentence examples for deduction meaning from inspiring English sources

It's an "above-the-line" deduction, meaning teachers don't have to itemize to claim it.

Fact Check: Mr. Trump is proposing a new tax deduction, meaning that people would not pay taxes on a portion of their income used for child care expenses.

The Republican tax plan would collapse the income tax brackets to three from seven and nearly double the standard deduction, meaning many middle class families would see smaller tax bills.

That's a credit, not a deduction, meaning you get $1,500 off your taxes.

What's more, this is an above-the-line deduction, meaning that it isn't subject to AMT.

And maybe it's a bigger tax deduction, meaning that the irs is paying for some of your fuel bill.

Currently, you can deduct certain expenses as above-the-line deductions, meaning that you do not have to itemize.

Calvin Johnson, a tax professor at the University of Texas, said that only those in the top third of wage earners even itemized their deductions, meaning that two-thirds of taxpayers weren't eligible for the break.

The agency says it has never considered them valid for tax deductions, meaning that the banks and insurers, and not the transit authorities, which are exempt from paying taxes, are the ones who got into tax trouble.

If you are self-employed and pay for your own health insurance, your health insurance deduction should be safe (if above-the-line deductions, meaning those deductions you can claim even if you don't itemize, survive).

Currently, you can deduct certain expenses including student loan interest ($2,500 per tax return), moving expenses, alimony, and teacher expenses ($250 per teacher), as above-the-line deductions, meaning that you do not have to itemize to take advantage of the deduction.