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  1. Dictionary
    Tax-de·duct·i·ble
    /ˌtaks dəˈdəktəbəl/

    adjective

    • 1. able to be deducted from taxable income when calculating income tax due: "the interest charge would be fully tax deductible"
    More Definitions, Word Origin & Scrabble

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  3. www.investopedia.com › terms › dWhat Does Tax Deductible Mean, and What Are Common Deductions?

    Apr 9, 2024 · A tax deductible is an expense that an individual taxpayer or a business can subtract from adjusted gross income (AGI). The deductible expense reduces taxable income and...

    • Julia Kagan
    • 2 min

  4. corporatefinanceinstitute.com › tax-deductibleTax Deductible - Definition, Expenses, Examples

    What is a Tax Deductible? A tax deductible expense is any expense that is considered “ordinary, necessary, and reasonable” and that helps a business to generate income. It is usually deducted from the company’s income before taxation.

  5. www.merriam-webster.com › dictionary › tax-deductibleTax-deductible Definition & Meaning - Merriam-Webster

    Apr 18, 2024 · The meaning of TAX-DEDUCTIBLE is allowed to be subtracted from the total amount of a person's income before calculating the tax he or she is required to pay : allowable as a deduction from taxes. How to use tax-deductible in a sentence.

  6. dictionary.cambridge.org › english › tax-deductibleTAX-DEDUCTIBLE definition | Cambridge English Dictionary

    TAX-DEDUCTIBLE meaning: 1. If an amount of money that you spend is tax-deductible, it can be taken away from the total…. Learn more.

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  8. www.financestrategists.com › tax › tax-planningTax Deductibility | Definition, Types, Benefits, and Limitations

    Jul 12, 2023 · Definition of Tax Deductibility. Tax deductibility refers to the process of reducing an individual's or a business's taxable income by accounting for certain allowable expenses, known as tax deductions. These deductions can be claimed when filing a federal income tax return, effectively lowering the overall amount of income subject to tax.

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