What is the meaning of Deduction?

Deduction is an expense that is allowable as a reduction of gross taxable income by the IRS e. G., charity donations.

Barry Goldsmith
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APABarry Goldsmith. (2010). Deduction. Retrieved September 28, 2026, from http://smartdefine.org/deduction/definitions/1151638
ChicagoBarry Goldsmith. 2010. "Deduction" http://smartdefine.org/deduction/definitions/1151638 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, Deduction, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/deduction/definitions/1151638>.
MLABarry Goldsmith. "Deduction" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/deduction/definitions/1151638>
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