tax deduction vs tax benefit

tax deduction and tax benefit both are nouns.

Word	Noun	Adjective	Verb	Adverb
tax deduction	Yes	No	No	No
tax benefit	Yes	No	No	No

As nouns, tax benefit is a hyponym of tax deduction; that is, tax benefit 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
tax benefit: a tax deduction that is granted in order to encourage a particular type of commercial activity

Other hyponyms of tax deduction include tax break, business deduction, exemption.

tax deduction (noun)	tax benefit (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	a tax deduction that is granted in order to encourage a particular type of commercial activity

tax deduction vs tax benefit

tax deduction and tax benefit both are nouns.

Words related to "tax deduction"

Words related to "tax benefit"