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deductible

deductible

12 6.7
Can be taken off your taxable income
  • adjective
  • /dɪˈdʌktəbl/
  • Specialized
translation icon : deducible
  • Is it true that insurance is deductible for business but not for individuals?
  • expenses are deductible
  • tax-deductible
  • contributions are deductible

People always ask me, they say, is this deductible?

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Examples

  • Originally, the claims were disallowed, but on appeal, it was decided that the expenses were deductible.

    Fiction book (1996)
  • Gifts made under this program are normally tax-deductible as charitable contributions.

    Academic text (2005)
  • It's all deductible from my income tax, dear.

  • Under US tax code, only the first million is deductible.

  • The point is, how much of that is interest which is deductible... and how much is actual mortgage payment, which is not?

  • One reason is that the interest will be deductible for U.S. income taxes.

    Blog text (6)
  • Salary, bonuses, and stock grants are deductible but subject to a limit of $1 million.

    Blog text (24)
  • You can contribute to an HSA if you have a qualifying high deductible health plan HDHP.

  • In all G-7 countries, R&D current expenditures are fully deductible in the year they are incurred.

    Academic text (1993)
  • The cost of transportation to obtain medical care is deductible as a medical expense.

Antonyms

nondeductible
  • Specialized
1 7.1

Not allowed to be taken away from the income you pay tax on

How Deductible

deductible
  • Specialized
12 6.7
nondeductible
  • Specialized
1 7.1

Surface Forms

deductible positive

Morphology

deductible = deduct (transparent) = deduct + ible

Clear combination of the verb 'deduct' and the productive adjectival suffix '-ible' meaning 'able to be subtracted'.

Etymology

Deductible comes from Latin parts de- 'away' and ducere 'to lead', the same root you see in reduce. So a deductible is something you can 'take away' from an amount, which is why it's used for money you can subtract from your taxable income.