any item or expenditure subtracted from gross income to reduce the amount of income subject to income tax (usually for things such as federal and state income taxes, employment taxes, social security taxes, workers compensation coverage, and health insurance payments)

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1. any item or expenditure subtracted from gross income to reduce the amount of income subject to income tax (usually for things such as federal and state income taxes, employment taxes, social security taxes, workers compensation coverage, and health insurance payments)