1. (noun)tax write-off, tax deduction, 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
2. (noun)deduction, discount an amount or percentage deducted
3. (noun)deduction, entailment, implication something that is inferred (deduced or entailed or implied)
"his resignation had political implications"
4. (noun)deduction, deductive reasoning, synthesis reasoning from the general to the particular (or from cause to effect)
5. (noun)subtraction, deduction the act of subtracting (removing a part from the whole)
"he complained about the subtraction of money from their paychecks"
6. (noun)discount, price reduction, deduction the act of reducing the selling price of merchandise