income deductions
Wages minus taxes
Income deductions are amounts subtracted from gross pay before calculating take-home wages or taxable income.
Some are mandatory—taxes, Social Security contributions—while others are voluntary: retirement contributions, health insurance premiums, union dues.
After all the deductions, my paycheck was half what I expected.
Understanding deductions matters for budgeting and tax planning.
- charitable donationGift to help others
- paycheckCompensation for labor
- pay stubEarnings and deductions summary
- child tax creditTax reduction for parents
- stubRetained portion after detachment
take home pay · receipt · ledger · file · total · W-2 · form · withholding · figure · sum · review · tax season · exemption · slip · bill · FICA · sheet · number
income deductionsearnings
Money gained from work
bonuses · gross pay · allowances · stipends · incentive pay
income deductionsgross income
Earnings before any deductions
gross pay · gross earnings · total compensation · gross wages · take-home pay
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