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tax-deductible

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
tax-de·duct·i·ble (tksd-dkt-bl)
adj.
Exempt from inclusion in one's taxable income.

tax-deductible
adj
(Economics, Accounting & Finance / Accounting & Book-keeping) (of an expense, loss, etc.) legally deductible from income or wealth before tax assessment
Translations
tax-deductible [ˈtæksdɪˈdʌktəbl] ADJdesgravable
tax-deductible [ˌtæksdɪˈdʌktɪbl] adjdetraibile dalle imposte


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Contributions to the Traditional IRA may be tax-deductible depending on the taxpayer''s income, tax-filing status, and coverage by an employer-sponsored retirement plan.
Purple Heart issues donors a tax-deductible donation receipt.
Cardin said the act would grant newspapers tax-free status as non-profits, an arrangement similar to that enjoyed by public broadcasting outlets, which survive on tax-deductible contributions from listeners.
 
 
 
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