What is another word for Deducting?
Pronunciation: [dɪdˈʌktɪŋ] (IPA) 
Deducting refers to the process of subtracting a specific amount from a total or a sum. There are several synonyms for this word, including subtracting, reducing, taking away, decreasing, lessening, diminishing and abating. These synonyms are often used in scenarios where money or values are being reduced from a particular sum. For example, while filling in taxes, a person can claim deductions and their taxable income will decrease accordingly. Similarly, while making payments, some amount may be deducted as a fee or penalty. Thus, knowing synonyms for deducting can be highly useful in various financial and mathematical situations.
