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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By comparison, certain workers can deduct up to $25,000 in tip income or $12,500 in overtime pay in 2025.—Kate Dore, Cfp®, Ea, CNBC, 30 Jan. 2026 The Eaton Fire Survivors Network is urging Southern California Edison to provide up to $200,000 per household in temporary housing advances, to be deducted from final settlements.—James Ward, USA Today, 27 Jan. 2026 Instead of writing off the cost of certain assets over several years, businesses can generally deduct the full cost upfront, within limits.—Forbes Money Team, Forbes.com, 26 Jan. 2026 Bonus depreciation allows businesses to deduct up to the full cost of new machinery or equipment during its first year of use, rather than spreading out deductions over multiple years.—Sarah Cutler, Idaho Statesman, 23 Jan. 2026 See All Example Sentences for deduct