Tax Deduction in a sentence
Synonym: tax write-off, allowance. Antonym: taxable income
Meaning: An expense that can be subtracted from total taxable income; reduces the amount of tax owed.
(1) A mortgage can be a tax deduction.
(2) The property is eligible for a tax deduction.
(3) Tax deduction is a common benefit for homeowners.
(4) Depreciation can be a tax deduction for businesses.
(5) The charity acknowledged in lieu of a tax deduction.
(6) The pre-tax deduction for healthcare expenses is 10%.
(7) The reward for donating to charity was a tax deduction.
(8) Business expenses can often qualify for a tax deduction.
(9) Home office expenses may be eligible for a tax deduction.
(10) Taxpayers can receive a tax deduction for medical expenses.
Tax Deduction sentence
(11) He received a tax deduction for his charitable contribution.
(12) Taxpayers can donate to charity and receive a tax deduction.
(13) Business travel expenses may be eligible for a tax deduction.
(14) The income tax deduction is a valuable benefit for taxpayers.
(15) I am eligible for a tax deduction on my pension contributions.
(16) The tax deduction can offset up to 50% of the donation amount.
(17) If you donate to charity, you can cash in for a tax deduction.
(18) Taxpayers can receive a tax deduction for charitable donations.
(19) I received a tax deduction for the interest paid on my mortgage.
(20) The income tax deduction helped reduce my overall tax liability.
Tax Deduction make sentence
(21) The tax deduction for charitable donations is a great incentive.
(22) The tax deduction is a benefit in light of charitable donations.
(23) Rental property expenses can often be claimed as a tax deduction.
(24) You can claim up to 20% of your rental income as a tax deduction.
(25) Energy-efficient home improvements may qualify for a tax deduction.
(26) Contributions to retirement accounts can result in a tax deduction.
(27) Mortgage interest payments can often be claimed as a tax deduction.
(28) The car qualifies for a tax deduction as it is an electric vehicle.
(29) Business owners can often claim a tax deduction for office supplies.
(30) The income tax deduction can help lower your overall taxable income.
Sentence of tax deduction
(31) Donations to political campaigns are not eligible for a tax deduction.
(32) The property tax deduction can help reduce your overall tax liability.
(33) The accountant will prorate up the tax deduction for the partial year.
(34) The exact value of the tax deduction was determined by the accountant.
(35) Taxpayers can receive a tax deduction for making charitable donations.
(36) The tax deduction was a benefit on account of my charitable donations.
(37) The tax deduction provides a benefit towards reducing financial burden.
(38) I am eligible for a tax deduction on the interest paid on my home loan.
(39) Taxpayers can receive a tax deduction for paying student loan interest.
(40) The qualifying period for the tax deduction is the previous fiscal year.
Tax Deduction meaningful sentence
(41) The tax deduction for charitable donations is a great incentive to give.
(42) I was able to claim an income tax deduction for my charitable donations.
(43) Business owners can often claim a tax deduction for advertising expenses.
(44) I claimed a significant income tax deduction for my charitable donations.
(45) He was surprised to learn that he could avail himself of a tax deduction.
(46) The interest paid on student loans may qualify for an income tax deduction.
(47) Taxpayers can receive a tax deduction for donating to a political campaign.
(48) Certain expenses related to job hunting may be eligible for a tax deduction.
(49) Taking advantage of the income tax deduction can result in a lower tax bill.
(50) The pre-tax deduction for medical expenses is limited to 10% of your income.
Tax Deduction sentence examples
(51) Donating to a qualified nonprofit organization can result in a tax deduction.
(52) Certain expenses related to adopting a child may qualify for a tax deduction.
(53) Donations to a qualified college or university can result in a tax deduction.
(54) The landholding was donated to a charitable organization for a tax deduction.
(55) Donations made to public libraries can be claimed as an income tax deduction.
(56) The company was able to claim a tax deduction for their charitable donations.
(57) The government agreed to grant the tax deduction against the company's losses.
(58) Donating to a registered animal shelter can result in an income tax deduction.
(59) Property taxes paid on a primary residence may be eligible for a tax deduction.
(60) The mortgager was happy to receive a tax deduction for their mortgage interest.
Sentence with tax deduction
(61) The mortgage interest paid on my home loan is an eligible income tax deduction.
(62) The surrender value of the artwork was donated to a museum for a tax deduction.
(63) If you donate to a qualified charity, you may be able to claim a tax deduction.
(64) Taxpayers can receive a tax deduction for contributing to a retirement account.
(65) You can donate securities to your favorite charity and receive a tax deduction.
(66) Many people are unaware of the potential tax deduction for charitable donations.
(67) Donations of vehicles to a qualified organization can result in a tax deduction.
(68) The income tax deduction can vary from year to year based on changes in tax laws.
(69) You can receive a tax deduction by donating certificates to a registered charity.
(70) I was able to claim an income tax deduction for the interest paid on my mortgage.
Use tax deduction in a sentence
(71) Donating to a registered arts organization can result in an income tax deduction.
(72) The mortgage interest paid on my home loan qualified for an income tax deduction.
(73) The cost of tax preparation services can be eligible for an income tax deduction.
(74) The purchase of long-term care insurance may qualify for an income tax deduction.
(75) Taxpayers can receive a tax deduction for purchasing energy-efficient appliances.
(76) The taxpayer donated a large sum of money to charity and received a tax deduction.
(77) The taxpayer is eligible for a tax deduction for their mortgage interest payments.
(78) The government disallowed the tax deduction despite the taxpayer's valid expenses.
(79) I received a tax deduction certificate for the investment made in a fixed deposit.
(80) Homeowners can take advantage of the income tax deduction for property taxes paid.
Sentence using tax deduction
(81) The tax deduction for charitable donations is claimable on your income tax return.
(82) Claiming the income tax deduction requires proper documentation and record-keeping.
(83) The income tax deduction can vary depending on your filing status and income level.
(84) Contributions made to a retirement account can qualify for an income tax deduction.
(85) Donations made to political campaigns are not eligible for an income tax deduction.
(86) Childcare expenses can be eligible for an income tax deduction for working parents.
(87) The government decided to reinstate the tax deduction beneath a new income bracket.
(88) She received a tax deduction for her charitable contribution to the animal shelter.
(89) The income tax deduction is a legal and legitimate way to reduce your tax liability.
(90) We received a tax deduction for our charitable contribution to the homeless shelter.
Tax Deduction example sentence
(91) The pre-tax deduction for charitable contributions is limited to 50% of your income.
(92) The purchase of energy-efficient appliances may qualify for an income tax deduction.
(93) The cost of job-related moving expenses can be eligible for an income tax deduction.
(94) The charity allows donors to redeem their donations in exchange for a tax deduction.
(95) I received a tax deduction for my student loan interest, which helped me save money.
(96) Taxpayers can receive a tax deduction for making contributions to a traditional IRA.
(97) Certain expenses related to moving for a new job may be eligible for a tax deduction.
(98) Many people take advantage of the income tax deduction to reduce their tax liability.
(99) We received a tax deduction for our charitable contribution to a children's hospital.
(100) The income tax deduction for medical expenses helped offset my high healthcare costs.
Sentence with word tax deduction
(101) The income tax deduction for alimony payments provided some relief during my divorce.
(102) I was able to claim an income tax deduction for the medical expenses of my dependent.
(103) The purchase of a hybrid or electric vehicle may qualify for an income tax deduction.
(104) The income tax deduction can be a significant financial benefit for those who qualify.
(105) The elimination of the tax deduction will take out of effect any financial advantages.
(106) Donating to a registered nonprofit organization can result in an income tax deduction.
(107) I was able to claim an income tax deduction for the interest paid on my student loans.
(108) The income tax deduction for home equity loan interest helped lower my taxable income.
(109) The income tax deduction for rental property expenses helped offset the rental income.
(110) The charity incentivized donors with a tax deduction, and many people gave generously.
Sentence of tax deduction
(111) Certain expenses related to caring for a dependent may be eligible for a tax deduction.
(112) The government is considering implementing a tax deduction for transportation expenses.
(113) The cost of professional development courses can be claimed as an income tax deduction.
(114) Contributions made to a 529 college savings plan can result in an income tax deduction.
(115) Self-employed individuals can often claim a tax deduction for health insurance premiums.
(116) Donations of appreciated assets can result in a tax deduction for the fair market value.
(117) Certain expenses related to starting a new business may be eligible for a tax deduction.
(118) The income tax deduction is a way for taxpayers to keep more of their hard-earned money.
(119) The income tax deduction for student loan interest helped alleviate my financial burden.
(120) Using the percentage method, we can determine the tax deduction on charitable donations.
Tax Deduction used in a sentence
(121) The income tax deduction is a benefit that can help offset the costs of certain expenses.
(122) The tuition fees paid for my college education were eligible for an income tax deduction.
(123) Medical expenses exceeding a certain threshold can be claimed as an income tax deduction.
(124) Contributions made to a retirement savings account can result in an income tax deduction.
(125) The income tax deduction is one of the many deductions and credits available to taxpayers.
(126) The income tax deduction for state and local taxes paid helped reduce my overall tax bill.
(127) The income tax deduction for business-related education expenses helped further my career.
(128) Donations made to disaster relief organizations can be claimed as an income tax deduction.
(129) Donating to a qualified disaster relief organization can result in an income tax deduction.
(130) If the honoraria are provided as a tax deduction, it will benefit participants financially.
Tax Deduction sentence in English
(131) The purchase of medical equipment for personal use may qualify for an income tax deduction.
(132) Taxpayers can receive a tax deduction for medical expenses that exceed a certain threshold.
(133) Donations of appreciated securities can result in a tax deduction for the fair market value.
(134) The income tax deduction for job-related moving expenses helped offset the relocation costs.
(135) Taxpayers can receive a tax deduction for mortgage interest paid on their primary residence.
(136) It is important to understand the rules and regulations surrounding the income tax deduction.
(137) Taking advantage of the income tax deduction can result in a higher refund or lower tax owed.
(138) The income tax deduction is a way for the government to provide financial relief to taxpayers.
(139) I was pleasantly surprised by the income tax deduction I received for my home office expenses.
(140) The income tax deduction for home office expenses allowed me to create a productive workspace.
(141) The income tax deduction for energy-efficient home improvements encouraged me to make upgrades.
(142) The income tax deduction for job search expenses helped alleviate some of the financial stress.
(143) Donations made to qualified non-profit organizations can be claimed as an income tax deduction.
(144) Home office expenses can be eligible for an income tax deduction for self-employed individuals.
(145) Certain business expenses, such as travel and meals, can be claimed as an income tax deduction.
(146) The purchase of business-related software or equipment may qualify for an income tax deduction.
(147) The minimum amount of money you need to donate to a charity to receive a tax deduction is $500.
(148) Medical expenses that exceed a certain percentage of income may be eligible for a tax deduction.
(149) The income tax deduction is a way for individuals to keep more of their income in their pockets.
(150) I was able to claim an income tax deduction for the business-related travel expenses I incurred.
(151) The cost of home improvements for energy efficiency can be eligible for an income tax deduction.
(152) It's important to keep accurate records and receipts to support your income tax deduction claims.
(153) The income tax deduction for contributions made to a health savings account helped save me money.
(154) If you donate to the charity, you can receive a tax deduction and a benefit up to a free t-shirt.
(155) Deducting the cost of business travel can be a valuable tax deduction for self-employed individuals.
(156) Donations of clothing and household items to a qualified organization can result in a tax deduction.
(157) The income tax deduction for childcare expenses helped ease the financial strain for working parents.
(158) If you make a donation on behalf of someone else, you can receive a tax deduction for your generosity.
(159) He was able to dispose of the old appliances, and he got a tax deduction for donating them to charity.
(160) The income tax deduction is a common strategy used by individuals and businesses to save money on taxes.
(161) The income tax deduction is a valuable tool for individuals and families looking to reduce their tax burden.
(162) The income tax deduction is a valuable tool for small business owners looking to reduce their tax liability.
(163) Taxpayers can receive a tax deduction for medical expenses that exceed a certain percentage of their income.
(164) The income tax deduction is just one of the many ways the government provides financial support to taxpayers.
(165) The income tax deduction for business-related meal and entertainment expenses helped reduce my tax liability.
(166) Individuals should consult with a tax professional to determine their eligibility for the income tax deduction.
(167) The income tax deduction is a benefit that can help individuals and families save money for other financial goals.
(168) If we drop off the donations at the charity, we can get a tax deduction, but we have to do it before the end of the year.
(169) The income tax deduction is a provision in the tax code that allows for certain expenses to be deducted from taxable income.
(170) For each person who donates to the charity, they will receive a tax deduction, but they must provide proof of their donation.
(171) The effective tax rate for individuals with high state and local taxes can be reduced through the state and local tax deduction.
(172) When the company tried to write off the expenses as a tax deduction, the IRS audited their books and found several discrepancies, and this resulted in a hefty fine.
Tax Deduction meaning
Tax deduction is a term that refers to a reduction in taxable income, resulting in a decrease in the amount of tax owed to the government. It is a valuable tool that individuals and businesses can utilize to minimize their tax liability and maximize their savings. Understanding how to use the phrase "tax deduction" correctly in a sentence is crucial for effective communication and comprehension. Here are some tips on how to incorporate this term into your writing:
1. Define the term: When introducing the phrase "tax deduction" in a sentence, it is essential to provide a clear definition to ensure that readers understand its meaning.
For example, "A tax deduction is a legal provision that allows individuals to reduce their taxable income, resulting in a lower tax liability."
2. Use it in a descriptive sentence: To provide context and enhance understanding, consider using the phrase in a descriptive sentence. For instance, "John claimed a tax deduction for his charitable donations, which significantly reduced his overall tax bill."
3. Explain the purpose: Elaborate on the purpose or benefit of a tax deduction in your sentence.
For example, "Small business owners can take advantage of various tax deductions to lower their taxable income, ultimately increasing their profitability."
4. Highlight specific types of tax deductions: There are numerous types of tax deductions available, such as those related to education, healthcare, or business expenses. Incorporate these specific types into your sentence to provide more detailed information. For instance, "Homeowners can benefit from tax deductions on mortgage interest payments, making homeownership more affordable."
5. Discuss eligibility criteria: In some cases, tax deductions may have specific eligibility criteria. Mention these criteria in your sentence to provide a comprehensive understanding.
For example, "To qualify for a tax deduction on medical expenses, individuals must ensure that their expenses exceed a certain percentage of their adjusted gross income."
6. Compare with other tax-related terms: To further clarify the concept of tax deductions, you can compare it with other tax-related terms. For instance, "Unlike tax credits, which directly reduce the amount of tax owed, tax deductions lower an individual's taxable income, resulting in a reduced tax liability."
7. Provide examples: Incorporating examples in your sentence can help readers visualize how tax deductions work in real-life scenarios. For instance, "Sarah was able to claim a tax deduction for her business-related travel expenses, including airfare, accommodation, and meals."
8. Emphasize the importance: Highlight the significance of tax deductions in your sentence to emphasize their value.
For example, "Maximizing tax deductions is crucial for individuals and businesses alike, as it can lead to substantial savings and increased financial stability."
9. Consider the audience: Tailor your sentence to suit the intended audience. If you are writing for a general audience, ensure that your sentence is easily understandable and avoids excessive technical jargon. However, if your audience consists of tax professionals or experts, you can use more specialized language.
10. Proofread and revise: After constructing your sentence, proofread it to ensure clarity, coherence, and accuracy. Make any necessary revisions to improve the overall quality of your writing. By following these tips, you can effectively incorporate the phrase "tax deduction" into your writing, providing readers with a comprehensive understanding of its meaning and significance.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Tax Deduction. They do not represent the opinions of TranslateEN.com.