You can deduct up to $500 for money given to charity.
after deducting taxes, what's left is your net pay for the week
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In that instance, the amount of the loss that can be deducted is limited to the taxpayer's basis in the property.—Kelly Phillips Erb, Forbes.com, 25 Apr. 2025 Agents were to deduct a 10% commission before disbursement.—Christie D’zurilla, Los Angeles Times, 23 Apr. 2025 That means donors can deduct any financial contributions — a major draw for colleges to attract big donors.—Cate Martel, The Hill, 17 Apr. 2025 Vehicles made in Mexico and Canada face the levy, but automakers compliant with the terms of the U.S.-Mexico-Canada Agreement can deduct the value of U.S. content.—Kalea Hall, USA Today, 11 Apr. 2025 See All Example Sentences for deduct
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