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 WebInsurance reimbursements must be deducted before claiming any losses.—Raul Elizalde, Forbes, 21 Oct. 2024 To pay for former President Trump’s tax cuts for large corporations and the rich, congressional Republicans pushed the tax burden further onto middle-class families by capping the amount of state and local taxes that can be deducted from federal income taxes.—Kaitlyn Schallhorn, Orange County Register, 4 Oct. 2024 Those costs don’t vanish, however — they’re deducted from your cash disbursal.—Kelsey Neubauer, CNBC, 30 Sep. 2024 That set-up, which has existed for decades, allows creatives to deduct agent and manager commissions and other expenses from their income tax.—Gene Maddaus, Variety, 30 Sep. 2024 See all Example Sentences for deduct
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'deduct.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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