Tax deduction
From The Art and Popular Culture Encyclopedia
(Redirected from Tax deductible)
|
Related e |
|
Featured: |
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and credits. The difference between deductions, exemptions and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Tax deduction" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
