You can deduct up to $500 for money given to charity.
after deducting taxes, what's left is your net pay for the week
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Allow car loan interest to be deducted The House bill would also eliminate taxes on car loan interest by allowing consumers to deduct up to $10,000 for interest paid on vehicle loans.—Alain Sherter, CBS News, 14 May 2025 Under a bill introduced by Sens. Roger Marshall (R-Kansas) and Tommy Tuberville (R-Alabama) on May 6, the Overtime Wages Tax Relief Act, individual workers would be able to deduct up to $10,000 in overtime pay, while married couples would be able to deduct up to $20,000.—Giulia Carbonaro, MSNBC Newsweek, 13 May 2025 New York Republicans were split Friday over their demand for a much higher cap on deducting state and local taxes, or SALT, amid a feud with GOP congressional leaders that threatens to derail President Trump’s sprawling budget bill.—Dave Goldiner, New York Daily News, 9 May 2025 Social Security often automatically deducts premiums, or otherwise administers payments, for the health program.—Darius Tahir, Miami Herald, 7 May 2025 See All Example Sentences for deduct
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