deduct

verb

de·​duct di-ˈdəkt 

dē-

deducted; deducting; deducts

transitive verb

1

: to take away (an amount) from a total : subtract

2

: deduce, infer

Synonyms

• abate
• knock off
• subtract
• take off

Examples of deduct in a Sentence

You can deduct up to $500 for money given to charity.

after deducting taxes, what's left is your net pay for the week

Recent Examples on the Web

Given the runup in home prices since 2013, most sellers should have enough equity to cover replacement costs by deducting those from the sales price. —Aldo Svaldi, The Denver Post, 10 Nov. 2024

In Wisconsin, employers may deduct time lost but can’t penalize employees in any other way. —Jeanne Sahadi, CNN, 1 Nov. 2024

Fred leaves his job in February when his employer had only deducted $100 in FSA contributions. —Medora Lee, USA TODAY, 29 Oct. 2024

How to Calculate Shareholder Yield To calculate shareholder yield, take the amount a company spent on share repurchases in the preceding 12 months, deduct any cash brought in through share issuances, then add in the total spent on dividends. —Brett Owens, Forbes, 2 Nov. 2024

Word History

Etymology

Latin deductus, past participle of deducere

First Known Use

15th century, in the meaning defined at sense 1

Kids Definition

deduct

verb

de·​duct di-ˈdəkt 

: to take away (an amount) from a total : subtract

deductible

-ˈdək-tə-bəl

adjective

Legal Definition

deduct

transitive verb

de·​duct

: to take away (an amount) from a total

specifically : to take as a deduction

must be capitalized…rather than immediately deducted

—D. Q. Posin

compare amortize