Deduct
/dɪˈdʌkt/
Definitions
- (v.) To subtract or withhold an amount from a total sum, especially for taxes, expenses, or allowances.
The company will deduct expenses from the employee's reimbursement.
- (v.) To withhold part of income or payment by law or agreement, such as tax or social security contributions.
Employers must deduct income tax from their employees' wages.
Forms
- deducts
- deducted
- deducting
Related terms
See also
Commentary
Often used in contexts involving financial computations, payroll, and tax law; precision in what is deducted and under what authority is essential in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.