Allocation and Tax deduction

Allocation noun - A sum of money allotted for a specific use by official or formal action.

Tax deduction and allocation are semantically related. In some cases you can use "Tax deduction" instead a noun "Allocation".

Nearby Words: allocate, allot, allotment, allocated, allocator

Tax deduction noun - A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.

Allocation and tax deduction are semantically related. You can use "Allocation" instead a noun phrase "Tax deduction".