Assertion: deduction | /r/CapableOf | reduce tax
Facets:
Source sentences:
text: So, for example, if you are in the 22% tax bracket and claim a $2,500 deduction, your deduction would reduce the taxes you owe—or increase the tax refund you receive—by $550.
text: The deduction reduces the tax due for owners of pass-through businesses, which basically means any self-employed business that is not a C corporation.