What tax deductible means?

Tax deductible refers to expenses that can be subtracted from an individual's or business's total taxable income, reducing the amount of income that is subject to taxation. Common tax-deductible expenses include charitable contributions, mortgage interest, and certain business expenses. By claiming these deductions, taxpayers can lower their overall tax liability and potentially receive a larger refund or pay less in taxes owed. It's important to keep proper documentation for any deductions claimed.