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Definition of deductable

"Deductable" is probably misspelled. Trying deductible instead Definition of deductible

1. deductible [ a ] acceptable as a deduction (especially as a tax deduction)

Used in print:

([Anonymous,] "The Attack on Employee Services"...)

Use deductable insurance wherever feasible .

(Your Federal Income Tax. 1962 Edition (Revised to...)

If you are an income beneficiary of property held in trust or an heir , legatee , or devisee , you may deduct allowable depreciation and depletion , if not deductible by the estate or trust .

Deductible losses on sales or exchanges of property are allowable in determining your Adjusted_Gross_Income .

Synonyms deductible Related Terms nondeductible tax allowable

2. deductible [ n ] an amount that can be deducted (especially for the purposes of calculating income tax)

Synonyms deductible Related Terms sum tax

3. deductible [ n ] a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

Synonyms deductible Related Terms article

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