deduction
121Itemized Deduction — A deduction from a taxpayer s taxable adjusted gross income that is made up of deductions for money spent on certain goods and services throughout the year. The specific deductions that are allowed are outlined by the Internal Revenue Service and …
122Registered Retirement Savings Plan Deduction - RRSP Deduction — The amount that a Canadian taxpayer contributes to his or her RRSP. This amount can be deducted from the taxpayer s annual income to arrive at his or her taxable income for the year. The RRSP deduction amount is found on line 208 of the annual… …
123Standard Deduction — A base amount of income that is not subject to tax and that can be used to reduce a taxpayer s adjusted gross income (AGI). A standard deduction can only be used if the taxpayer does not choose the itemized deduction method of calculating taxable …
124induction, deduction — The common methods of thinking are deduction and induction. The former method tries to establish a specific and limited conclusion by showing that it is allied with, or conforms to, a general truth or principle. In deduction, thought moves from… …
125Above the line deduction — In the United States, an above the line deduction is a term used to describe those deductions which the Internal Revenue Service allows a taxpayer to subtract from his or her gross income. These deductions are set forth in Internal Revenue Code… …
126Limits on Depreciation Deduction — Section 280F [http://frwebgate.access.gpo.gov/cgi bin/getdoc.cgi?dbname=browse usc docid=Cite:+26USC280F Sec. 280F Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes] , Internal Revenue …
127Jeu de déduction — Un jeu de déduction est un jeu de société dans lequel un joueur doit découvrir un ou plusieurs éléments cachés par un adversaire, généralement en posant des questions selon des règles établies. Il peut s agir d un jeu avec une grille ou un… …
128Charitable Contributions Deduction — One of the itemized deductions available for taxpayers who donate to charity. The Charitable Contributions Deduction allows taxpayers to deduct all of their contributions to qualifying charitable contributions of cash and property within certain… …
