Definition of tax-deductible in English:
Able to be deducted from taxable income when calculating income tax due.
- Your tax-deductible donation of any amount would be great.
- However, unlike salary, a dividend is not tax-deductible to the paying company.
- It turns out you can't have a tax-deductible pension unless you have earnings to tax, and most of us won't have earnings to tax until we are at least 18.
Definition of tax-deductible in:
- British & World English dictionary
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