deduction

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deduction

humorous slang A child (as having children impacts one's taxes and deductions). I can't believe you guys have three little deductions now, wow.

deduction

n. a child. (see also expense.) How many little deductions do you have running around your home?
References in periodicals archive ?
To take a deduction, a written statement must be obtained and attached to the donator's tax return.
The section 1.861-8 regulations have long provided that deductions definitely related to a class of gross income are to be allocated to that class and that such determinations are to be made on the basis of the factual relationship of the deductions to gross income.
If you're self-employed, ask your tax advisor about the deductions for expensing equipment and for health insurance.
Because these distributions will not be included in income, the donor cannot take a charitable deduction.
* The act allows the full deduction of casualty losses in the Hurricane Katrina disaster area and provides tax-free discharge of nonbusiness debts for victims.
The other reason for increased focus on the standard deduction is the reduction in potential itemized deductions.
Claim all medical deductions: Mileage for medical purposes is deductible, similar to charitable miles, but at 18[cents] per mile or, if greeter, out-of-packet cost.
Legal fees and costs are deductible only as miscellaneous deductions under IRC section 212 and are subject to both the 2% of AGI limit and the 3% overall limitation on itemized deductions and are disallowed under the AMT.
DEDUCTIONS CURTAILED FOR DONATIONS OF CLOTHING AND HOUSEHOLD ITEMS
(3) a ratable portion of other deductions not directly allocable to DPGR or to another class of income.
Congress originally launched the AMT in 1979 to prevent wealthy Americans from taking so many deductions that they wound up paying little to no taxes.
Just when you thought you had all the information you needed to know about customer deductions, the Credit search Foundation produces a 300-page study breaking out 22 industries, and examines the current state of customer short payments among U.S.
Nursing Homes/Long Term Care Management asked several nationally recognized experts on healthcare financing to comment on the differences between a long-term care policy based on tax deductions, such as the Bush administration proposal, and one based on tax credits.
Kamoroff has now turned his small-business charm to work on the 2nd edition of 422 Tax Deductions for Businesses & Self-Employed Individuals--fully up-to-date for 1999 and the Year 2000 tax season.
Also, the federal phaseout of exemptions and itemized deductions for high-income taxpayers insidiously increase the marginal tax rates.