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
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia