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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Initially, businesses could deduct interest expenses up to 30% on EBITDA (earnings before interest, taxes, depreciation, and amortization.—Paulina Likos, CNBC, 29 July 2025 Small businesses can now count on 100 percent immediate expensing for capital expenditures and R&D, while many workers can deduct tips and overtime pay, saving as much as several thousand dollars annually.—Alfredo Ortiz, National Review, 28 July 2025 The measure temporarily raises the limit on how much of their state and local tax bills taxpayers can deduct when filing their federal income tax returns.—Dan Petrella, Chicago Tribune, 28 July 2025 Their employer gives them a few plan options and then pays a healthy chunk of the premium cost, with the rest deducted from employees' paychecks.—Selena Simmons-Duffin, NPR, 26 July 2025 See All Example Sentences for deduct
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