verb
definition
To take one thing from another; remove from; make smaller by some amount.
example
I will deduct the cost of the can of peas from the money I owe you.
Examples of deduct in a Sentence
With all reverence, an historical student has to deduct something from both these statements.
In addition, if you pay with a Visa or MasterCard, you can deduct 15 percent of the price; if you pay with cash, you can deduct 20 percent (see the Discount Schedule link in the AW Fireworks sidebar for more information).
You can deduct second mortgage interest on your annual taxes.
Purchases deduct automatically from the account at the time of payment.
With the new health insurance laws passed in 2010, self-employed and freelance taxpayers are entitled to deduct all of their medical expenses, even if a portion of their cost was covered under a health insurance plan.
Don't shoot the Mii faces, as those deduct 3 points!
You can deduct the value of amount of any donations you made to a non-profit or other charitable organization within the last tax year.
Usually, you deduct the exact dollar amount of interest you paid in the previous year.
You deduct the total cost of your repairs in the year which you pay them.
Landlords can deduct money from your deposit for professional cleaning if you have left the property dirty or untidy.
In Order To Adapt It To The Gregorian Calendar, We Must First Add The To Days That Were Left Out Of The Year 1582; In The Second Place We Must Add One Day For Every Century That Has Elapsed Since 1600, In Consequence Of The Secular Suppression Of The Intercalary Day; And Lastly We Must Deduct The Units Contained In A Fourth Of The Same Number, Because Every Fourth Centesimal Year Is Still A Leap Year.Q Denoting, Therefore, The Number Of The Century (Or The Date After The Two Right Hand Digits Have Been Struck Out) By C, The Value Of L Must Be Increased By 10 (C 16) (6 C L = 7M 3 X (4 X) W Io (C 16) (C 4 16) W; That Is, Since 3 To =13 Or 6 (The 7 Days Being Rejected, As They Do Not Affect The Value Of L), L=7M 6 X () W _ 16) (_ L _ 6)W; This Formula Is Perfectly General, And Easily Calculated.
There's also an option of automatic withdrawal, in which you establish a payment withdrawal date with creditors and they deduct the monthly amount.
For example, a chef could deduct the cost of a course in pastry decoration, but if you aren't in the food business, you can't deduct the course even if you plan to start a catering business.
If you use your car for business and are not reimbursed by your employer (or are self-employed), you likely can deduct mileage expenses.
Again, the $650 destination charge is not included in this price so find a Kia dealer who will deduct it from the sales price.
By leaving out the meat, you could deduct 4 or 5 points on the old system.
The specific amounts you can deduct for these improvements depend on their Energy Star rating and type.
Generally, you can deduct 30% of their cost, but for these items you can include their installation cost in their general overall cost.
You can deduct maintenance expenses from your Spanish income tax.
You can then deduct the "fair market value" for your vehicle on your tax return.
Ask how much people will pay for it, deduct your expected expenses, and ask yourself if the profit is worth your time.
Knowing which costs you can deduct makes a significant difference in a business' ultimate profitability for its owner(s).
For example, if you take a few days to vacation after your meeting, it doesn't mean that the trip isn't a deductible expense; you just can't deduct the hotel and other expenses for those few days.
The IRS allows for a standard cost per mile or you can deduct actual costs.
If you are planning to deduct auto expenses from your business income, you will need to determine how often you use your vehicle for business purposes.
When you are away from home for business reasons, you can deduct "ordinary and necessary expenses" from your trip.
You would be able to deduct expenses incurred in running a business from your home.
If you've purchased a new car or light truck after February 17, 2009 and before January 1,2010, you can deduct all of the state or local sales and excise taxes you paid when you purchased the car.
Some Nissan dealers will deduct the destination charge while others won't.
By agreeing to be on What Not to Wear, you authorize the producer to "deduct or withhold" any taxes due on the prizes, gifts, services or cash.
Usually, employers automatically deduct an employee's portion of FICA taxes from their paycheck and remit them to the IRS.
The IRS allows taxpayers to deduct the first $4,000 of college tuition paid in the past year for themselves or a dependent.
Taxpayers can deduct any medical or dental services provided by professionals to themselves, their spouse or their dependents.
There is no limit on the amount self-employed and freelance individuals can deduct.
Additionally, taxpayers can only deduct charitable donations up to a maximum of 50 percent of their annual gross income.
If you itemize, ensure that the amount you deduct accords with the value ascribed to it by the IRS and that you do not deduct more than the maximum allowable amount in proportion to your income.
Taxpayers can deduct the amount of interest they paid on their mortgage for their main residence in the last year.
Self-employed individuals and freelancers can deduct the cost of purchased goods or expenses related to their work.
You cannot deduct the value of any items not in good condition or non-sellable at the time of their donation.
While you cannot deduct the cost of home-renovations per se, you can deduct the cost of any energy-efficient ones.
If so, you're going to be surprised at the number of things you can deduct.
The rules regarding how much of a business expense you can deduct differ for each type; check the IRS rules on Business Deductions before completing or filing your return.
Usually, you can deduct the exact dollar amount you paid, but sometimes you may be limited to deducting only a percentage of the paid tax.
Don't worry about the percentage of your income you deduct; just make sure you have receipts to prove entitlement.
Despite this, there are ways in which you can deduct those costs, specifically if you used a home equity line to pay for them or if they included energy-efficient upgrades.
In general, the IRS allows you to deduct a "reasonable amount" for these improvements, but does not define "reasonable."
You cannot deduct expenses which you later recoup through insurance proceeds, legal action or which the tenant assists you in paying for.
Your financial situation allows you to deduct the amount of mortgage interest you pay from your income taxes.
There is no maximum amount you can deduct for these improvements and you can include installation costs.
This means that you cannot deduct expenses associated with home improvements.