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Glite Dictionary
deductibility

deductibility

4 7.4
Ability to subtract an expense from taxable income
  • noun
  • /dɪˌdʌk.tɪˈbɪl.ɪ.ti/
  • Specialized
: deducibilidad
  • One allows for the deductibility of certain research and experimental expenditures.
  • tax deductibility

We eliminate the the tax deductibility of state and local taxes, OK, it's a pay for rates, go down, broaden the base.

Examples

  • But what happens if you abolish the tax deductibility of interest?

    Blog text (29)

  • The 1993 federal budget law limits the deductibility of an executive's salary as a business expense to the first million dollars.

    Academic text (1993)

  • However, employees may contribute any amount since they do not receive the benefit of tax deductibility when they pay into the plan.

    Academic text (2006)

  • I choose $1.1 million because that is the maximum level for mortgage interest deductibility.

    Blog text (25)

  • On the other issue is the deductibility of mortgage interest expense and what happens with that in tax reform.

  • One way to keep revenue losses from a territorial system in check would be to restrict the deductibility of interest expenses.

    Blog text (7)

  • The only way to cure these defects was to ensure the deductibility of any manufacturing or wholesale tax paid to any state.

    Academic text (1995)

  • Limit the deductibility of executive and employee compensation to $500,000 per applicable individual for health insurance providers.

    Blog text (11)

  • The tax deductibility of individual donations to non-profits offers a way to correct this societal misallocation of resources.

    Blog text (19)

  • The deductibility of medical expenses can significantly reduce your taxable income.

Surface Forms

deductibility singular
deductibilities plural

Morphology

deductibility = deductible (transparent) = deduct + ity

Formed by adding the noun-forming suffix '-ity' to 'deductible', so the meaning 'the quality of being deductible' is directly compositional.

Etymology

The word deductibility comes from the word deduct, built from de- 'down' or 'away' and ducere 'to lead', so it originally meant 'to lead away' or 'take away', like the simpler word reduce. So, deductibility is about whether a cost can be 'taken away' from a total when you calculate your taxes.