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What are deductions?

What are deductions? Here are some definitions.

Noun
  1. plural of deduction
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Examples
Landcare tax deductions can be claimed by rural businesses for some types of expenditure to combat land degradation.
Advertising costs and the legal cost of drawing up rental leases are also allowable as deductions.
He may then be obliged to reconstruct a past event, of which he has no memory, by references or deductions from the information provided to him.
To work out if you are eligible for the Pension Credit, you need to calculate your weekly income, after deductions and savings.
To take the deduction, the owner must itemize his or her deductions and can have only one second home.
A further objective is to encourage withholders who cannot remit deductions by the due dates to notify us of the existence of liabilities.

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