Abzug

Abzug is a term with several related meanings in German and in English-language finance. In German, Abzug is a noun meaning deduction, subtraction, or withdrawal. It is used in mathematics to indicate the operation of subtracting one quantity from another, and in accounting and taxation to denote amounts that are subtracted from a gross total.

In financial and tax contexts, a deduction or withholding is described as Abzug. Examples include Lohnabzug (wage tax withheld) and Werbungskostenabzug (deduction of work-related expenses). In English usage, Abzug is often translated as deduction or withholding and appears in discussions of payroll, taxes, and expenses.

Abzug is also a surname. The most prominent person with this name is Bella S. Abzug (1920–1998), an American lawyer, politician, and feminist who represented New York in the U.S. House of Representatives. She was a leading advocate for civil rights and women's rights.

The surname Abzug is of German origin, linked to the concept of deduction or withdrawal. It is relatively uncommon outside German-speaking communities but appears in the United States and other countries due to immigration.