Definition of deductible in English:
Able to be deducted, especially from taxable income or tax to be paid: childcare vouchers will be deductible expenses for employers See also tax-deductible.
More example sentences
- Taxable amounts increase taxable income in the future while deductible amounts will decrease taxable income in the future.
- Finally, do not forget the taxman, as tax is due at your highest rate on all rental income less the following deductible expenses.
- The interest you pay on your mortgage will be allowed as a deductible expense against rental income.
nounNorth American Back to top
The part of an insurance claim to be paid by the insured; an excess.
- Insurance companies, for instance, are talking about premium credits, lower deductibles and rebates for steps such as commissioning of buildings.
- In many cases, business owners believe they'll never have a claim large enough to justify the expense of insurance policy premiums and deductibles.
- The CEO who asks for a special medical fund to finance the insurance deductibles in his or her health benefit package.
- Example sentences
- Thus, the abolition of tax shelter deductibility was made retroactive, imposing huge penalties after the fact.
- It is, therefore, necessary to analyse the underlying income sources to establish the deductibility of dividends from foreign affiliates.
- They would lose certain tax exemptions, particularly around pension benefits and the deductibility of executive compensation.
Definition of deductible in:
- US 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
Most popular in Spain
Most popular in Malaysia