Assertion: deduction's income | /r/HasProperty | taxed
Facets:
Source sentences:
text: This is because the government allows a portion of the total income earned to be subtracted or deducted to reduce the income that will be taxed.
text: Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income.
text: Having the money available for such programs before gross income is taxed lowers that employee’s taxable income, giving them access to important financial, work-related and health care-related opportunities, thus saving them a significant amount of household income in the process.
text: As part of the Tax Cuts and Jobs Act, the way income from pass-through entities is taxed is changing.