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What (who) is tax-deductible - definition
AMOUNT THAT ONE MAY DEDUCE FROM TAXABLE REVENUE
Tax deductible; Deductible expense; Tax-deductible; Tuition and fees deduction; Tax deductions; Deductibility; Tax-deducable; Income tax deduction; Tax-deduction; Tax deductibility; Tax benefits; Charitable deduction
tax-deductible
¦ adjective permitted to be deducted from taxable income.
tax-deductible
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.
Keep track of tax-deductible expenses, such as the supplies and equipment you buy.
ADJ
Tax deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits.
Wikipedia
Tax deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.
Examples of use of tax-deductible
1. Furthermore, his mortgage interest is tax deductible.
2. As a consolation, though, most of these expenses are tax deductible.
3. They cannot even afford the legal costs, which are tax deductible for the quarry companies.
4. Until a decade ago, bribes were tax deductible in many European countries.
5. Much of it will be tax deductible, being in effect business expenses.