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

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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 Democrats objected to a provision that allows businesses to deduct two full years worth of business meals when filing taxes. Matthew Brown, USA TODAY, "'Three-martini lunch' tax break, foreign aid: Why year-end bills are stirring controversy," 25 Dec. 2020 The Trump tax bill capped the amount of local tax that residents of high-tax states can deduct from their federal return. Fox News, "Miami Mayor urges Wall Street firms to leave New York for friendlier city," 25 Dec. 2020 The new bill extends this deduction for 2021, and allows joint filers to deduct up to $600 next year. Kathleen Pender, SFChronicle.com, "New stimulus payments are coming to the Bay Area: Here’s what’s changed and what hasn’t," 22 Dec. 2020 More important, not letting companies deduct the full cost of their investments raises taxes on investment, which is bad for the economy and for workers. Alex Muresianu, National Review, "What Biden Gets Wrong on Taxes and Manufacturing," 16 Dec. 2020 The measure temporarily increases the amount that business can deduct from their federal taxes for work meals from 50% to 100% through the end of 2022. Emily Brooks, Washington Examiner, "Eight noteworthy measures packed into massive COVID-19 relief and omnibus bill," 21 Dec. 2020 Instead, under the proposal pushed by lawmakers now, the $100,000 loan wouldn’t be income and the business could deduct $100,000 in related expenses. Richard Rubin, WSJ, "PPP Borrowers Stand to Gain Tax Deductions," 19 Dec. 2020 One of the larger tax cuts comes from eliminating a previous $500,000 cap for joint filers on the amount of business losses taxpayers can deduct from other earnings, such as a spouse’s wages or capital gains from selling stocks. oregonlive, "Oregon lawmakers debating whether to cancel new tax break for top 1%," 12 Dec. 2020 Taxpayers who itemize can deduct their charitable donations from their taxable income. Chris Farrell, Star Tribune, "Cash donations can get a special tax break in 2020," 12 Dec. 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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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

12 Jan 2021

Cite this Entry

“Deduct.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deduct. Accessed 23 Jan. 2021.

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More Definitions for deduct

deduct

verb
How to pronounce deduct (audio)

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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