[taks-di-duhk-tuh-buh l] /ˈtæks dɪˌdʌk tə bəl/
noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.
(of an expense, loss, etc) legally deductible from income or wealth before tax assessment
noun 1. an expenditure that is deducted from taxable income. tax deduction definition An expense, such as a charitable contribution, that can be deducted from one’s taxable income. Unlike a tax shelter, a tax deduction does not necessarily take the form of an investment.
noun 1. a title deed issued by a public authority to the purchaser of property sold for the nonpayment of taxes.
[taks-di-furd] /ˈtæks dɪˈfɜrd/ adjective 1. noting or providing income that is not taxed until a later time.
- Tax-deferred annuity
[taks-di-furd] /ˈtæks dɪˌfɜrd/ noun 1. an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usually at retirement. Abbreviation: TDA.