Deduction may refer to:
in logic:
- Deductive reasoning, inference in which the conclusion is of no greater generality than the premises
- Natural deduction, an approach to proof theory that attempts to provide a formal model of logical reasoning as it "naturally" occurs
in taxation:
- Tax deduction, variable tax dollars that you can subtract, or deduct, from your gross income.
- Itemized deduction, eligible expense that individual taxpayers in the United States can report on their Federal income tax returns
- Standard deduction, dollar amount that non-itemizers may subtract from their income
Other uses:
- Deduction (food stamps), used to calculate a household’s monthly food stamp benefit goods to help you eat
Other articles related to "deduction, deductions":
Pevsner V. Commissioner - Tax Code
... These sections must always be looked at together, because § 162 generally allows a deduction for ordinary and necessary expenses incurred in a trade or business while § 262 disallows deductions for all. 162(a) states that “there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business….” Then ... section holds that “xcept as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.” Clothing being inherently personal, it seems ...
... These sections must always be looked at together, because § 162 generally allows a deduction for ordinary and necessary expenses incurred in a trade or business while § 262 disallows deductions for all. 162(a) states that “there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business….” Then ... section holds that “xcept as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.” Clothing being inherently personal, it seems ...
Dividends Received Deduction - Application
... receiving the dividend owns 20 percent or more, however, then the amount of the deduction increases to 80 percent ... Note that in order for the deduction to apply, the corporation paying the dividend must also be liable for tax (i.e ... it must be subject to the double taxation that the deduction is intended to prevent) ...
... receiving the dividend owns 20 percent or more, however, then the amount of the deduction increases to 80 percent ... Note that in order for the deduction to apply, the corporation paying the dividend must also be liable for tax (i.e ... it must be subject to the double taxation that the deduction is intended to prevent) ...
Dividends Received Deduction
... The dividends-received deduction (or "DRD"), under U.S ... federal income tax law, is a tax deduction received by a corporation on the dividends it receives by other corporations in which it has an ownership stake ...
... The dividends-received deduction (or "DRD"), under U.S ... federal income tax law, is a tax deduction received by a corporation on the dividends it receives by other corporations in which it has an ownership stake ...
Simon V Commissioner - Background
... claimed a $6,300 and $4,515 depreciation deduction on the first and second bow respectively in their tax report ... The basis for this deduction was the under §167 of the US Tax Code as calculated based on §168 of the US Tax Code ... The Tax Commissioner objected to this deduction, as the fair market value of the bows had increased ...
... claimed a $6,300 and $4,515 depreciation deduction on the first and second bow respectively in their tax report ... The basis for this deduction was the under §167 of the US Tax Code as calculated based on §168 of the US Tax Code ... The Tax Commissioner objected to this deduction, as the fair market value of the bows had increased ...
Commissioner V. Banks - Subsequent Developments
... legal fees are deductible only as an itemized deduction ... Some or all of the deduction benefit may be lost because of the 2% limitation on miscellaneous itemized deductions or the loss of the deduction for legal fees for purposes of calculating the Alternative Minimum ... the double taxation of attorney fees on plaintiff discrimination awards by changing the deduction for attorney fees from itemized deduction to an above the line ...
... legal fees are deductible only as an itemized deduction ... Some or all of the deduction benefit may be lost because of the 2% limitation on miscellaneous itemized deductions or the loss of the deduction for legal fees for purposes of calculating the Alternative Minimum ... the double taxation of attorney fees on plaintiff discrimination awards by changing the deduction for attorney fees from itemized deduction to an above the line ...
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