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  1. tax-de·duct·i·ble

    /ˈˌtaks dəˈdəktəbəl/


    • 1. able to be deducted from taxable income when calculating income tax due: "the interest charge would be fully tax deductible"
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  3. Tax-deductible | Definition of Tax-deductible by Merriam-Webster

    Tax-deductible definition 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.

  4. Tax Deduction Definition -

    Feb 09, 2021 · A tax deduction is a deduction that lowers a person or organization's tax liability by lowering their taxable income. Deductions are typically expenses that the taxpayer incurs during the year that...

  5. Tax-deductible | Definition of Tax-deductible at

    noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated.

  6. TAX-DEDUCTIBLE | definition in the Cambridge English Dictionary

    Jan 04, 2021 · / ˌtæks.dɪˈdʌk.tə.b ə l / If an amount of money that you spend is tax-deductible, it can be taken away from the total amount of income you must pay tax on. SMART Vocabulary: related words and phrases

  7. Tax-deductible definition and meaning | Collins English ...

    Feb 21, 2021 · 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. American English: tax-deductible / tæks dɪˈdʌktɪbəl /

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  8. Deductible Definition - Investopedia

    Dec 12, 2020 · What Is a Deductible? For tax purposes, a deductible is an expense that an individual taxpayer or a business can subtract from adjusted gross income while completing a tax form. The deduction...

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