You can deduct up to $500 for money given to charity.
after deducting taxes, what's left is your net pay for the week
Recent Examples on the WebAmazon began offering loans of thousands of dollars to select U.S.-based sellers back in 2011, providing funds quicker than a typical bank might and automatically deducting repayments from a merchant’s Amazon account.—Jason Del Rey, Fortune, 7 Mar. 2024 The organization does not charge a commission or take a profit and deducts all expenses — approximately 10% — subject to a reasonable reserve, and then distributes all remaining dollars as royalty distributions to its members.—Jem Aswad, Variety, 28 Feb. 2024 Business owners commonly miss deducting expenses related to courses, workshops and conferences that relate to their business and continuing their education.—Barbara Schreihans, Forbes, 27 Feb. 2024 There are more than 10,000 corporate jets in the U.S. valued at tens of millions of dollars each, according to the agency, and many can be fully deducted.—William Gavin, Quartz, 22 Feb. 2024 Sonnet expects to receive net proceeds of $4.3 million, after deducting expected fees, during February 2024.—Charlotte Observer, 14 Feb. 2024 Others have raised the prospect of taxing private-jet sales or not allowing owners to deduct the cost of flying as a business expense when tax season rolls around.—Tori Latham, Robb Report, 1 Feb. 2024 The bill would help more low-income families claim more money and let businesses deduct more of their expenses.—Jeff Stein, Washington Post, 31 Jan. 2024 Principal payments and down payments cannot be deducted on your taxes.—Rob Wile, NBC News, 27 Jan. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'deduct.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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