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 WebBiden is also pushing a new tax on corporate jet travel, in part by targeting a lucrative provision that lets companies quickly deduct the cost of their planes.—Rachel Siegel, Washington Post, 27 June 2024 One of the most common ways to get a discount on both federal and private student loans is by signing up for autopay, which means that your payments are automatically deducted from an attached bank account.—Becca Stanek, theweek, 27 May 2024 But there are other ways to pay: A debit card: A debit card or bank card deducts money directly from your bank account.—Christopher Elliott, USA TODAY, 24 May 2024 For the 2026 tax year and after, all retirees will be able to deduct their retirement or pension benefits up to 100% of a set amount that typically would have only applied to those born in 1945 and earlier.—Susan Tompor, Detroit Free Press, 22 Feb. 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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