LMSSIO

Tax Deduction

A Tax Deduction is a reduction of a taxpayer's taxable income, lowering the amount of income subject to taxation. It operates by subtracting specific expenses or allowances from gross income, thereby decreasing the tax base before the tax rate is applied

IRI
http://lmss.sali.org/RBe3wpR5ZicE4QYklVEqSMR
Branch
Objectives

Also known as

Income Reduction Allowance, Allowable Expense, Tax Write-Off

Ancestry path

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