income deduction
101tax deduction — /ˈtæks dədʌkʃən/ (say taks duhdukshuhn) noun an amount subtracted from an individual s or a company s total income to determine their taxable income, covering approved expenses incurred in the course of earning an income or running a business,… …
102distributable net income — (DNI) The measure that limits the amount of the distributions from estates and trusts that the beneficiaries thereof will have to include in income. Also, DNI limits the amount that estates and trusts can claim as a deduction for such… …
103distributable net income — (DNI) The measure that limits the amount of the distributions from estates and trusts that the beneficiaries thereof will have to include in income. Also, DNI limits the amount that estates and trusts can claim as a deduction for such… …
104taxable income — Adjusted gross income less deductions, whether itemized deductions or the standard deduction, plus the personal and dependency exemptions. Internal Revenue Code § 63. In another distinct sense, income which is not tax exempt …
105Form 4952: Investment Interest Expense Deduction — A tax form distributed by the Internal Revenue Service (IRS) used to determine the amount of investment interest expense that can be deducted and any interest expense that can be carried forward to a future tax year. Form 4952 limits the… …
106Student Loan Interest Deduction — An adjustment to an individual s income for any interest paid on higher education loans during the tax year. Only payments made within the first 60 months of finishing school qualify for the deduction, which is usually limited to a certain amount …
107dividends-received deduction — A corporate tax deduction on income allowed by company A that is in ownership of shares of company B and receives dividends on the shares of company B. Bloomberg Financial Dictionary …
108depletion deduction — A deduction allowed in an income tax return to the owner of an economic interest in mineral deposits or standing timber. IRC § 613(a) …
109negative income — invested income that has produced a loss and hence may yield a tax deduction. * * * …
110negative income — invested income that has produced a loss and hence may yield a tax deduction …
