deduct (something) from (something)

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deduct (something) from (something)

To subtract something from something else. This phrase is commonly used with financial transactions. You can deduct all of your travel expenses from the corporate account.
See also: deduct

deduct (something) from (something else)

to subtract an amount from another amount. Are you going to deduct this from your income taxes? Mr. Wilson deducted the discount from the bill.
See also: deduct
References in periodicals archive ?
1) IRA fees may be deducted from a taxable account (i.
A FEW weeks ago, British Gas sent out letters stating that the winter rebate of pounds 30 a lot of customers were entitled to was stopping; however, it would still be deducted from the Jan-April bill.
Additionally, Wingnut includes allegations that costs were incorrectly deducted from the revenues to arrive at the net profit amount.
Furthermore, if all investments were expensed and deducted from income, then the tax system would become a consumption tax because consumption equals income minus investment.
Metro's appeal required the Ninth Circuit to decide if a paid but still contested income tax deficiency could be deducted from accumulated taxable income under IRC section 535(b)(1).
When the lender imposes such a fee, the amount is typically deducted from the loan proceeds.
The catch: Yearly contributions of up to $2,000 per person cannot be deducted from taxes.
In the income statement, however, mandatorily redeemable stock is treated just like all other preferreds; the dividends are deducted from net income to determine earnings available for holders of common stock.
com were unaware that certain job search expenses can in fact be deducted from federal taxes.
The taxpayer had deducted from his laundry partnership income, interest he paid on the unpaid balance of the purchase price of the partnership interest.
Having custodial fees deducted from an IRA each year significantly reduces the account's long-term value.
The measure, Assembly Bill 230, would make state tax law conform with federal tax law, which over the next several years is increasing the amount of health insurance costs that can be deducted from a business's taxable income.
Instead, the mortgage payment is electronically deducted from the borrower's checking or savings account.
But if you give the stock away, not only do you avoid any taxes on the gain but the entire $10,000 can be deducted from your taxes.