standard deduction
noun/ˌstændəd dɪˈdʌkʃn/
/ˌstændərd dɪˈdʌkʃn/
[usually singular] (US English)- a fixed amount of money that you can earn free of tax
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
standard deduction