Usually means: Reduction in taxable income amount.
Definitions Related words Mentions
We found 16 dictionaries that define the word Standard deduction:

General (3 matching dictionaries)
  1. standard deduction: Longman Dictionary of Contemporary English
  2. standard deduction: Dictionary.com
  3. Standard deduction: Wikipedia, the Free Encyclopedia

Business (12 matching dictionaries)
  1. standard deduction: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. INVESTORWORDS (No longer online)
  4. Glossary of Legal Terms (No longer online)
  5. Standard deduction: Bloomberg Financial Glossary
  6. MSN Money (No longer online)
  7. Standard Deduction: Investopedia
  8. Standard Deduction: Legal dictionary
  9. Standard Deduction: Financial dictionary
  10. Accounting, Business Studies and Economics Dictionary (No longer online)
  11. BusinessDictionary.com (No longer online)

Slang (1 matching dictionary)
  1. standard deduction: Urban Dictionary

Definitions from Wikipedia (Standard deduction)

noun:  Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied.


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