tax-deductible

tax-deductible
The effect of creating a tax deduction, such as charitable contributions and mortgage interest. Bloomberg Financial Dictionary

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tax-deductible ˌtax-deˈductible adjective TAX
tax-deductible costs can be taken off your total income before tax is calculated on it:

• Charitable donations are tax-deductible.

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tax-deductible UK US /ˌtæksdɪˈdʌktɪbl̩/ US  /-ə-/ adjective TAX, ACCOUNTING
tax-deductible costs are subtracted from someone's income and the tax owed is calculated on the remaining amount: »

All pension contributions are tax deductible.

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tax-deductible contributions/donations

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tax-deductible costs/expenses/items


Financial and business terms. 2012.

Look at other dictionaries:

  • tax-deductible — tax de ductible adj tax deductible costs can be taken off your total income before it is taxed ▪ If you re self employed, your travel expenses are tax deductible …   Dictionary of contemporary English

  • tax-deductible — tax de ductible adjective tax deductible costs can be taken away from your total income before you pay tax on what remains …   Usage of the words and phrases in modern English

  • tax-deductible — [taks′dē dukt′ə bəl] adj. that is allowed as a deduction in computing income tax …   English World dictionary

  • tax-deductible — ► ADJECTIVE ▪ permitted to be deducted from taxable income …   English terms dictionary

  • tax-deductible — ADJ If an expense is tax deductible, it can be paid out of the part of your income on which you do not pay tax, so that the amount of tax you pay is reduced. The cost of private childcare should be made tax deductible... Keep track of tax… …   English dictionary

  • tax-deductible — adjective tax deductible costs can be taken off your total income before it is taxed: If you re self employed, your travel expenses are tax deductible …   Longman dictionary of contemporary English

  • tax-deductible — /ˌtæks dɪ dʌktɪb(ə)l/ adjective which can be deducted from an income before tax is calculated ♦ these expenses are not tax deductible tax has to be paid on these expenses …   Dictionary of banking and finance

  • tax-deductible — UK / US adjective tax deductible costs can be taken away from your total income before you pay tax on what remains …   English dictionary

  • tax-deductible — adj. Tax deductible is used with these nouns: ↑contribution, ↑donation, ↑expense …   Collocations dictionary

  • tax-deductible — tax′ deduct ible adj. noting an item the value of which is deductible from the amount on which a tax is calculated • Etymology: 1950–55 …   From formal English to slang

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