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tax deduction vs business deduction

business deduction vs tax deduction

tax deduction and business deduction both are nouns.

Word NounAdjectiveVerbAdverb
tax deduction Yes No No No
business deduction Yes No No No
As nouns, business deduction is a hyponym of tax deduction; that is, business deduction is a word with a more specific, narrower meaning than tax deduction:
  • tax deduction: a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
  • business deduction: tax write-off for expenses of doing business
Other hyponyms of tax deduction include tax benefit, tax break, exemption.
tax deduction (noun) business deduction (noun)
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket tax write-off for expenses of doing business
Difference between tax deduction and business deduction

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