tax deduction tax cut • tax deed · · · Info · Definitions · Synonyms · Characters · · tax deduction · · Text Common · · Latin · · Scripts 13 · · Length 4 · · Syllables Definitions · · · (noun) a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket. Synonyms: tax write-off, tax deduction, deduction. · · Noun Definition 1 Synonyms · · · tax write-off · · Synonym 1 deduction · · Synonym 2 Characters · · space U+0020 a latin small letter a U+0061 c latin small letter c U+0063 d latin small letter d U+0064 e latin small letter e U+0065 i latin small letter i U+0069 n latin small letter n U+006E o latin small letter o U+006F t latin small letter t U+0074 u latin small letter u U+0075 x latin small letter x U+0078