Tax Deduction - Personal Finance Glossary - E-PersonalFinance

Tax Deduction - Personal Finance Glossary - E-PersonalFinance

Tax Deduction

A "tax deduction" is an expense that a taxpayer is allowed to deduct from gross income, and thus reduce the amount of income tax due.

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Disposable Income

"Disposable income" is the amount of personal income that an individual has available...

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