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deductible

Line breaks: de¦duct|ible
Pronunciation: /dɪˈdʌktɪb(ə)l
 
/

Definition of deductible in English:

adjective

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.

noun

North American Back to top  
The part of an insurance claim to be paid by the insured; an excess.
Example sentences
  • 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.

Derivatives

deductibility

1
Pronunciation: /-ˈbɪlɪti/
noun
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.

Words that rhyme with deductible

conductible, destructible, tax-deductible

Definition of deductible in:

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