1. (tax) acceptable as a deduction (especially as a tax deduction)
   "Charitable donations are often deductible expenses on tax returns"

1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
   "They claimed charitable donations as a deductible on their tax return"
    
2. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
   "Their insurance policy had a $500 deductible for car repairs"

Derived forms: deductibles

See also: allowable

Type of: amount, amount of money, article, clause, sum, sum of money

Antonym: nondeductible

Encyclopedia: Deductible