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 WebFor 2023, inflation meant that the standard deduction got a particularly large boost, which could mean itemizing—and deducting charitable giving—will be even less attractive.—Tanza Loudenback, wsj.com, 14 Nov. 2023 For decades, businesses were allowed to deduct certain R&D expenses immediately to reduce their taxable income, similar to office supplies or rent payments.—Mark Maurer, WSJ, 10 Nov. 2023 Businesses for decades were allowed to deduct certain R&D expenses immediately to reduce their taxable income, similar to office supplies or rent payments.—Jennifer Williams-Alvarez, WSJ, 24 Oct. 2023 The software will also allow users to deduct teachers’ expenses and student loan interest.—Julie Zauzmer Weil, Washington Post, 17 Oct. 2023 An additional four points was deducted because the pizzeria didn’t have chemical test strips for sanitizing solution.—Howard Koplowitz | Hkoplowitz@al.com, al, 1 Sep. 2023 That's because the health program's Part B costs are automatically deducted from monthly Social Security benefits before they're sent to retirees.—Aimee Picchi, CBS News, 12 Oct. 2023 Employees are often automatically enrolled, so that a certain amount is deducted automatically from your monthly paycheck.—Mallika Mitra, wsj.com, 11 Oct. 2023 Our assumption is the payments due Comcast will be deducted from the campus distributions to all 12 schools in the spring, removing them from the books beyond June 30, 2024.—Jon Wilner | , oregonlive, 11 Aug. 2023 See More
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.
Share