Definition of deductable
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 allowable2. deductible [ n ] an amount that can be deducted (especially for the purposes of calculating income tax)
Synonyms deductible Related Terms sum tax3. 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 articleSimilar Spelling
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