deduct

verb
de·​duct | \ di-ˈdəkt How to pronounce deduct (audio) , dē- \
deducted; deducting; deducts

Definition of deduct

transitive verb

1 : to take away (an amount) from a total : subtract
2 : deduce, infer

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Synonyms & Antonyms for deduct

Synonyms

Antonyms

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Examples of deduct in a Sentence

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 Web Potts says Bass Champs does not deduct the weight of the plastic weigh-in bag from the actual weight of the fish. Dallas News, "McKinney angler reels in lifetime catch, boats biggest fish at Mega Bass," 10 Apr. 2021 For new mortgages issued after Dec. 15, 2017, taxpayers can deduct interest on a total of $750,000 of debt for a first and second home. Richard Rubin, WSJ, "Mortgage Interest Deduction: Who Gets It?," 8 Apr. 2021 The deal will allow businesses that received funds via the Payroll Protection Plan to deduct on their state taxes up to $150,000 in expenses that were covered by those loans. Chris Morris, Fortune, "California and Maryland are sending out stimulus checks of their own," 18 Feb. 2021 It could be enacted with an option to deduct actual business expenses instead. Marie Sapirie, Forbes, "Do Gig Platform Workers Need New Tax Rules Now That Reporting To IRS Is Expanding?," 7 Apr. 2021 The credit allowed eligible businesses that were required to close or partially suspend operations during Covid-19, or saw business fall by 50% or more, to deduct up to 50% of qualifying wages of employees, up to $5,000 per employee in 2020. cleveland, "The employee-retention tax credit is a windfall. But it could put small businesses in a bind.," 1 Apr. 2021 The legislation, which was excluded from the last two pandemic relief packages, would allow creators to deduct 100% of recording expenses in the first year. Chris Eggertsen, Billboard, "HITS Act Reintroduced in Congress on Behalf of Struggling Music Creators," 16 Mar. 2021 Here’s the issue: Oregon is one of six states that allow residents to deduct part of their federal taxes from their state income taxes. oregonlive, "Stimulus bill will send billions to Oregon families, but they may owe millions in additional state taxes," 12 Mar. 2021 The super-deduction will allow businesses to deduct up to 130% of new capital investment from their overall taxable income. Samanth Subramanian, Quartz, "Why UK finance minister Rishi Sunak put a “super-deduction” in his budget," 3 Mar. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deduct.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of deduct

15th century, in the meaning defined at sense 1

History and Etymology for deduct

Latin deductus, past participle of deducere

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Time Traveler for deduct

Time Traveler

The first known use of deduct was in the 15th century

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Statistics for deduct

Last Updated

30 Apr 2021

Cite this Entry

“Deduct.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deduct. Accessed 9 May. 2021.

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More Definitions for deduct

deduct

verb

English Language Learners Definition of deduct

: to take away (something, especially an amount of money) from a total

deduct

verb
de·​duct | \ di-ˈdəkt How to pronounce deduct (audio) \
deducted; deducting

Kids Definition of deduct

: to take away an amount of something : subtract
de·​duct

Legal Definition of deduct

: to take away (an amount) from a total specifically : to take as a deduction must be capitalized…rather than immediately deducted — D. Q. Posin — compare amortize

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Comments on deduct

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