deduct

verb

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de·duct | \ di-ˈdəkt

, dē- \

deducted; deducting; deducts

Definition of deduct

transitive verb

1 : to take away (an amount) from a total : subtract

2 : deduce, infer

Synonyms & Antonyms Example Sentences Learn More about deduct

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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 Traditionally, the ability to deduct net operating losses is meant to ensure companies get fair tax treatment even amid volatility, Watson said -- a plus for the notoriously boom-and-bust oil industry. — Jennifer A Dlouhy, Bloomberg.com, "‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies," 15 May 2020 The government compensated the companies that created or donated ads by allowing them to deduct some of their costs from their taxable incomes. — Oana Godeanu-kenworthy, The Conversation, "How socialism became un-American through the Ad Council’s propaganda campaigns," 27 Feb. 2020 Currently Alabamians are allowed to deduct their federal income taxes from state taxes. — al, "Alabama’s food tax on the chopping block again," 26 Feb. 2020 As many as 21 million taxpayers could be affected by the issue, the Post estimates, since the affected companies received taxpayer refunds first, then deducted their fees before passing along the remainder to the client. — Chris Morris, Fortune, "‘Glitches’ delay stimulus check payments for millions of H&R Block, TurboTax customers," 16 Apr. 2020 The reason is that tax preparation companies received these people’s tax refund first, deducted their fees, and then distributed the remaining refund to the customers. — Michelle Singletary, BostonGlobe.com, "Glitches prevent $1,200 stimulus checks from reaching millions of Americans," 16 Apr. 2020 Armed forces reservists can deduct travel expenses for work more than 100 miles away from home. — Kathleen Pender, SFChronicle.com, "Working from home? Here are answers to questions about taxes, expenses and lunch," 4 Apr. 2020 Side gigs also offer tax advantages, including more ways to save for retirement and the ability to deduct legitimate business expenses. — Liz Weston, Dallas News, "How to avoid tax traps for your side hustle," 18 Mar. 2020 In addition to the Child Tax Credit, working parents can deduct some of the cost of child care. — Irina Ivanova, CBS News, "Claiming the Child Tax Credit: Rules and exceptions," 21 Feb. 2020

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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Last Updated

2 Jun 2020

Cite this Entry

“Deduct.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deduct. Accessed 3 Jun. 2020.

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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

See the full definition for deduct in the English Language Learners Dictionary

deduct

verb

de·duct | \ di-ˈdəkt

deducted; deducting

Kids Definition of deduct

: to take away an amount of something : subtract

deduct

transitive verb

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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