Adjective: deductible di'dúk-tu-bul
- (tax) acceptable as a deduction (especially as a tax deduction)
"Charitable donations are often deductible expenses on tax returns"
- (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"
- 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