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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If a customer has no option to disregard or modify the charge, it cannot be deducted from the employee’s income.—Bay Area News Group, Mercury News, 29 Sep. 2025 Horse breeders and owners can also deduct their losses against any type of income, including capital gains and salary, according to Green.—Hayley Cuccinello, CNBC, 25 Sep. 2025 Once federal student aid is approved, the Department of Education disburses the money to the school, which deducts the tuition costs and forwards the remaining balance to the student to cover living expenses.—John Wisely, Freep.com, 25 Sep. 2025 Beginning with 2025 tax filings, eligible workers will be able to deduct up to $25,000 in tips from their taxable income under the No Tax on Tips provision of the One Big, Beautiful Bill Act (OBBBA).—Kelly Phillips Erb, Forbes.com, 19 Sep. 2025 See All Example Sentences for deduct
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