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What (who) is tax-deductible interest - definition
AMOUNT THAT ONE MAY DEDUCE FROM TAXABLE REVENUE
Tax deductible; Deductible expense; Tax-deductible; Tuition and fees deduction; Tax deductions; Deductibility; Tax-deducable; Income tax deduction; Tax-deduction; Tax deductibility; Tax benefits; Charitable deduction
Deposit interest retention tax
Deposit Interest Retention Tax
Deposit interest retention tax (DIRT) is a form of tax on interest earned on bank accounts in Republic of Ireland that was first introduced in the 1980s. In Ireland, income from any source is reckonable for taxation purposes.
Tax deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits.
tax-deductible
¦ adjective permitted to be deducted from taxable income.
Wikipedia
Tax deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.
