deductible

[ UK /dɪdˈʌktəbə‍l/ ]
[ US /dɪˈdəktəbəɫ/ ]
ADJECTIVE
  1. acceptable as a deduction (especially as a tax deduction)
NOUN
  1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
  2. a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
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How To Use deductible In A Sentence

  • In each case the company's contributions are deductible for tax, and income on the investments is free of tax. Principles of Corporate Finance
  • Alimony (also called spousal support) is tax deductible to the payor and taxable income to the payee. How To Make Divorce Less Taxing
  • The donation he made was a deductible on his tax form.
  • It's a clever business tactic: Not only is the donation tax-deductible, but participating nonprofits bring in their lists, and shoppers are incentivized to buy, knowing the profits go to worthy causes. Artful Style on the Bowery
  • These so-called always deductible expenses usually consist of home mortgage interest and real estate taxes.
  • But Ornish never mentioned its less pleasant side: the plan shifted costs to patients, spiking deductibles and requiring people to pay 20 percent "coinsurance" when they got sick. Media Blog on National Review Online
  • When you have succeeded in eliminating this medicare waste without reducing benefits and quality of care and the money is "in the bank", then let's see how many new people can have all there medical expenses covered, less individual premiums, deductibles and co-pays if any. Obama: Health-care reform will not increase deficit
  • If your modified adjusted gross income exceeded the allowable limits, all or some of your contributions could have been non-deductible.
  • Insurers often stipulate deductible amount, coinsurance clause and limit of liability in their contracts, so as to the directors and officers carry one part of the losses and costs.
  • They don't get a deduction because of the wife's high income, so it's called a nondeductible IRA. Forbes.com: News
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